Bearish flow noted in Macy’s (M) with 3,168 puts trading, or 1.3x expected. Most active are Apr-26 17 puts and 3/27 weekly 19.5 calls, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 2.79, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 27th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on M:
- Unusually active option classes on open March 25th
- Macy’s price target lowered to $20 from $25 at Telsey Advisory
- Macy’s price target lowered to $20 from $21 at TD Cowen
- Macy’s: Solid Q4 Execution but Mixed Outlook and Full Valuation Justify Hold Rating
- Macy’s price target lowered to $18 from $24 at Citi