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Macy’s call volume above normal and directionally bullish

Bullish option flow detected in Macy’s (M) with 36,948 calls trading, 7x expected, and implied vol increasing almost 7 points to 44.18%. Mar-26 25 calls and Jan-26 24 calls are the most active options, with total volume in those strikes near 29,100 contracts. The Put/Call Ratio is 0.08. Earnings are expected on March 5th.

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