Macy's (M) Options Chain

NYSE: MConsumer DiscretionaryDepartment/Specialty Retail StoresUSD

22.95+0.16 (+0.70%)

Market open · Delayed 15 min · as of Oct 9, 2:35 PM ET

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 0
Share price: $22.95
Put/call ratio (OI): 0.48
Put/call ratio (volume): 0.54
ATM implied volatility: 40.4%
Expected move: ±$0.4856
Open interest (C / P): 4.80K / 2.31K

M options summary

The M options chain for the October 9, 2026 expiration lists 25 call and 27 put contracts, expiring today. Open interest stands at 4,805 calls and 2,306 puts, a put/call ratio of 0.48, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $23.00 strike is 40.4%, which implies the market expects a move of about ±$0.4856 (2.1%) in Macy's stock by expiration.

The most open interest sits at the $25.00 call (804 contracts) and the $22.00 put (969 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

M options chain · October 9, 2026

M calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
31	50	440.6%	7.70	7.85	8.00	15.00	—	—	—	—	—	—
46	12	275.0%	6.70	6.85	7.05	16.00	—	—	—	—	—	—
155	26	225.0%	5.93	5.85	6.05	17.00	0.00	0.01	0.01	225.0%	1	12
153	29	212.5%	5.10	5.35	5.55	17.50	0.00	2.13	0.22	729.7%	11	11
17	109	275.0%	4.95	4.85	5.00	18.00	0.00	2.13	0.04	682.8%	2	15
—	—	—	4.32	—	—	18.50	0.00	2.13	0.01	636.7%	1	2
10	8	223.4%	3.92	3.85	4.00	19.00	0.00	2.13	0.01	591.0%	3	7
10	3	256.3%	3.33	3.25	3.60	19.50	0.00	2.13	0.01	545.7%	1	12
28	1	203.1%	2.88	2.81	3.05	20.00	0.00	0.05	0.11	146.9%	5	308
26	2	196.9%	2.39	2.15	2.60	20.50	0.00	0.03	0.01	114.1%	3	86
44	3	135.9%	2.00	1.86	2.19	21.00	0.00	0.05	0.01	103.1%	1	258
80	19	110.9%	1.38	1.23	1.53	21.50	0.00	0.01	0.01	59.4%	24	233
96	2	78.9%	0.61	0.86	1.18	22.00	0.00	0.01	0.01	46.9%	93	969
752	240	46.1%	0.46	0.35	0.51	22.50	0.00	0.09	0.01	53.1%	72	318
M $22.95
644	226	24.2%	0.05	0.01	0.09	23.00	0.01	0.30	0.25	56.6%	9	46
392	18	29.7%	0.05	0.00	0.01	23.50	0.30	1.24	0.90	90.2%	1	18
803	2	59.4%	0.01	0.00	0.05	24.00	0.94	1.59	1.25	121.1%	6	1
549	2	123.4%	0.01	0.00	0.25	24.50	1.30	2.21	2.03	146.9%	4	2
804	4	75.0%	0.01	0.00	0.01	25.00	1.99	2.21	2.48	112.5%	89	2
26	3	90.6%	0.25	0.00	0.01	25.50	2.49	2.68	2.95	120.3%	81	3
58	2	106.3%	0.02	0.00	0.01	26.00	—	—	3.32	—	—	—
45	1	137.5%	0.14	0.00	0.03	26.50	—	—	3.77	—	—	—
25	3	231.3%	0.01	0.00	0.25	27.00	4.00	4.40	4.19	240.6%	1	1
10	—	528.1%	0.05	0.00	2.13	27.50	4.45	5.00	4.72	271.1%	2	2
1	—	553.1%	0.07	0.00	2.13	28.00	—	—	5.67	—	—	—
—	—	—	—	—	—	28.50	—	—	6.11	—	—	—
—	—	—	—	—	—	29.00	—	—	6.51	—	—	—
—	—	—	—	—	—	30.00	6.40	7.90	7.60	315.6%	2	0
—	—	—	—	—	—	31.00	—	—	8.76	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the M put/call ratio?

For the October 9, 2026 expiration, the M put/call ratio based on open interest is 0.48 (2,306 puts vs 4,805 calls), and 0.54 based on today's volume. A ratio above 1 means more puts than calls.

What is M's implied volatility?

At-the-money implied volatility for M options expiring October 9, 2026 is about 40.4%, an annualized estimate of how much the market expects Macy's stock to move.

How many M option expiration dates are there?

M has 16 listed expiration dates, from Oct 9, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.