Bearish flow noted in Macy’s (M) with 3,427 puts trading, or 1.1x expected. Most active are Oct-25 18 puts and Oct-25 18.5 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 4 points on the day. Earnings are expected on November 20th.
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