Macy's (M) Options Chain

NYSE: MConsumer DiscretionaryDepartment/Specialty Retail StoresUSD

22.67-0.12 (-0.53%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $22.67
Put/call ratio (OI): 0.84
Put/call ratio (volume): 0.11
ATM implied volatility: 54.2%
Expected move: ±$1.44
Open interest (C / P): 10.58K / 8.84K

M options summary

The M options chain for the October 16, 2026 expiration lists 27 call and 24 put contracts, with 5 days until expiration. Open interest stands at 10,580 calls and 8,843 puts, a put/call ratio of 0.84, which is fairly balanced between calls and puts. At-the-money implied volatility near the $22.50 strike is 54.2%, which implies the market expects a move of about ±$1.44 (6.3%) in Macy's stock by expiration.

The most open interest sits at the $22.00 call (2.84K contracts) and the $19.00 put (2.08K contracts).

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

M options chain · October 16, 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
0	25	394.5%	9.00	8.25	10.70	14.00	0.00	0.45	0.02	269.5%	—	7
0	1	284.8%	7.70	7.25	8.95	15.00	0.00	0.44	0.03	236.3%	9	2
0	2	250.8%	6.88	6.25	7.95	16.00	0.00	0.45	0.48	207.8%	1	10
1	1	234.8%	5.98	5.45	6.95	17.00	0.00	0.44	0.02	178.1%	1	42
14	1	186.7%	4.94	4.25	5.95	18.00	0.00	0.64	0.03	168.8%	2	89
1	1	182.0%	4.50	3.90	5.45	18.50	0.00	0.44	0.01	137.1%	—	0
17	1	163.1%	3.43	3.30	5.00	19.00	0.00	0.44	0.03	123.8%	20	2,076
9	2	195.1%	3.09	2.85	5.25	19.50	0.00	0.44	0.04	110.5%	4	15
172	3	91.0%	2.93	1.70	4.00	20.00	0.01	0.10	0.01	66.0%	4	1,495
8	7	89.7%	2.18	1.21	3.65	20.50	0.00	0.53	0.01	90.2%	16	12
291	77	66.8%	1.71	1.58	1.86	21.00	0.03	0.12	0.06	56.6%	67	1,449
64	1	63.1%	1.08	1.03	1.86	21.50	0.10	0.17	0.06	51.0%	139	100
2,843	44	56.5%	1.12	0.85	1.22	22.00	0.16	0.30	0.20	50.2%	144	1,560
547	5,181	53.7%	0.70	0.59	0.71	22.50	0.27	0.55	0.38	54.7%	182	547
M $22.67
1,777	2,448	54.1%	0.39	0.29	0.48	23.00	0.54	0.80	0.58	53.1%	139	865
383	146	53.3%	0.28	0.15	0.30	23.50	0.48	1.46	0.82	84.0%	115	463
1,750	39	53.3%	0.14	0.07	0.18	24.00	0.31	1.76	1.91	79.7%	1	106
173	46	54.3%	0.05	0.04	0.11	24.50	1.45	2.29	1.95	95.5%	1	1
712	7	52.0%	0.04	0.00	0.05	25.00	1.85	2.75	2.91	103.1%	1	2
61	5	89.1%	0.03	0.00	0.43	25.50	—	—	—	—	—	—
992	41	50.0%	0.01	0.00	0.01	26.00	2.83	3.75	3.81	124.6%	1	1
8	1	51.6%	0.10	0.00	0.01	26.50	—	—	—	—	—	—
636	3	118.0%	0.01	0.00	0.46	27.00	3.75	4.75	4.29	144.1%	1	1
50	3	65.6%	0.04	0.00	0.01	28.00	4.90	5.75	5.30	161.9%	1	0
67	1	75.0%	0.02	0.00	0.01	29.00	—	—	—	—	—	—
2	1	106.3%	0.02	0.00	0.05	30.00	6.85	8.10	7.73	146.1%	2	0
—	—	—	—	—	—	31.00	7.85	8.90	8.74	127.3%	2	0
2	1	188.7%	0.03	0.00	0.45	32.00	—	—	—	—	—	—

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 16, 2026 expiration, the M put/call ratio based on open interest is 0.84 (8,843 puts vs 10,580 calls), and 0.11 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 16, 2026 is about 54.2%, an annualized estimate of how much the market expects Macy's stock to move.

How many M option expiration dates are there?

M has 15 listed expiration dates, from Oct 16, 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.