Bullish option flow detected in Macy’s (M) with 28,059 calls trading, 6x expected, and implied vol increasing almost 3 points to 52.20%. 8/1 weekly 14.5 calls and 8/1 weekly 14 calls are the most active options, with total volume in those strikes near 23,400 contracts. The Put/Call Ratio is 0.05. Earnings are expected on August 28th.
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