Bullish option flow detected in Macy’s (M) with 12,533 calls trading, 3x expected, and implied vol increasing over 1 point to 40.35%. 12/12 weekly 23.5 calls and Dec-25 24.5 calls are the most active options, with total volume in those strikes near 10,000 contracts. The Put/Call Ratio is 0.14. Earnings are expected on March 5th.
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