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 23, 2026
Days to expiration: 12
Share price: $22.67
Put/call ratio (OI): 0.50
Put/call ratio (volume): 0.99
ATM implied volatility: 57.8%
Expected move: ±$2.38
Open interest (C / P): 992 / 493

M options summary

The M options chain for the October 23, 2026 expiration lists 21 call and 20 put contracts, with 12 days until expiration. Open interest stands at 992 calls and 493 puts, a put/call ratio of 0.50, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $22.50 strike is 57.8%, which implies the market expects a move of about ±$2.38 (10.5%) in Macy's stock by expiration.

The most open interest sits at the $24.00 call (327 contracts) and the $20.50 put (139 contracts).

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

M options chain · October 23, 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	—	236.9%	6.10	7.15	9.75	15.00	—	—	—	—	—	—
—	—	—	—	—	—	17.50	0.00	2.13	0.16	197.8%	—	2
—	—	—	—	—	—	18.00	0.00	2.13	0.12	184.8%	2	3
—	—	—	—	—	—	18.50	0.00	1.93	0.20	163.9%	—	6
1	1	144.6%	3.47	3.35	5.75	19.00	0.00	2.14	0.06	159.5%	1	12
5	2	128.7%	3.15	2.85	5.15	19.50	0.00	0.53	0.04	80.1%	1	8
1	1	74.4%	2.72	1.15	4.80	20.00	0.00	0.55	0.07	71.7%	2	16
3	2	59.6%	2.54	1.13	3.70	20.50	0.01	0.50	0.15	60.5%	4	139
14	2	78.3%	1.91	0.69	2.29	21.00	0.04	0.24	0.15	49.8%	42	63
22	20	63.7%	1.30	0.29	3.20	21.50	0.18	0.33	0.29	46.9%	6	62
63	9	120.8%	1.11	0.01	2.38	22.00	0.01	0.72	0.34	60.7%	126	39
57	58	48.3%	1.01	0.36	0.91	22.50	0.46	1.06	0.48	67.3%	19	64
M $22.67
118	14	49.1%	0.74	0.32	0.69	23.00	0.35	1.33	0.79	67.4%	2	37
52	5	78.6%	0.46	0.01	0.99	23.50	0.65	1.64	1.04	67.9%	2	17
327	32	48.7%	0.33	0.04	0.35	24.00	0.49	2.51	1.78	100.7%	2	17
92	1	53.3%	0.08	0.01	0.30	24.50	—	—	—	—	—	—
27	32	48.6%	0.11	0.02	0.16	25.00	1.07	3.75	2.04	134.7%	1	6
110	2	75.2%	0.36	0.00	0.78	25.50	1.80	4.15	2.48	53.3%	—	1
20	2	57.6%	0.12	0.01	0.25	26.00	—	—	—	—	—	—
46	4	97.1%	0.45	0.00	0.98	26.50	—	—	—	—	—	—
19	8	98.2%	0.06	0.00	0.85	27.00	—	—	4.53	—	—	—
10	9	111.5%	0.54	0.00	1.02	27.50	4.10	6.65	5.80	114.5%	—	0
4	8	135.7%	0.12	0.00	1.48	28.00	4.60	7.15	5.95	120.6%	—	1
1	—	172.2%	0.05	0.00	2.14	29.00	—	—	—	—	—	—
—	—	—	—	—	—	30.00	6.30	8.65	7.95	99.4%	—	0

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 23, 2026 expiration, the M put/call ratio based on open interest is 0.50 (493 puts vs 992 calls), and 0.99 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 23, 2026 is about 57.8%, 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.