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 30, 2026
Days to expiration: 20
Share price: $22.67
Put/call ratio (OI): 0.28
Put/call ratio (volume): 0.26
ATM implied volatility: 56.6%
Expected move: ±$3.00
Open interest (C / P): 1.45K / 404

M options summary

The M options chain for the October 30, 2026 expiration lists 20 call and 16 put contracts, with 20 days until expiration. Open interest stands at 1,454 calls and 404 puts, a put/call ratio of 0.28, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $22.50 strike is 56.6%, which implies the market expects a move of about ±$3.00 (13.2%) in Macy's stock by expiration.

The most open interest sits at the $21.50 call (646 contracts) and the $22.50 put (155 contracts).

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

M options chain · October 30, 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
—	—	—	—	—	—	15.00	0.00	0.88	1.00	157.2%	—	1
7	1	137.1%	5.55	4.85	7.00	17.50	0.00	1.09	1.05	120.7%	—	1
—	—	—	—	—	—	18.00	0.00	0.34	0.33	76.8%	4	18
—	—	—	—	—	—	18.50	0.00	0.06	0.04	54.3%	8	7
—	—	—	—	—	—	19.00	0.00	0.75	0.05	81.3%	5	22
0	1	136.5%	2.92	1.99	4.55	19.50	0.00	0.14	0.14	52.7%	1	26
3	2	52.1%	2.86	1.65	4.10	20.00	0.01	0.24	0.18	55.1%	2	11
12	1	52.6%	1.78	1.21	3.75	20.50	0.01	0.46	0.19	62.5%	2	34
5	20	56.6%	1.94	0.80	3.55	21.00	0.15	0.43	0.25	52.1%	31	16
646	651	59.1%	1.78	0.43	3.35	21.50	0.23	0.67	0.41	56.5%	32	37
68	22	68.2%	1.21	0.09	1.78	22.00	0.47	0.90	0.42	57.8%	131	53
89	15	54.2%	1.05	0.01	1.23	22.50	0.65	1.16	0.65	59.0%	71	155
M $22.67
126	147	50.1%	0.79	0.68	0.91	23.00	0.85	3.00	0.88	82.4%	10	9
169	158	75.8%	0.63	0.01	1.25	23.50	—	—	—	—	—	—
51	25	50.5%	0.40	0.29	0.56	24.00	1.39	3.40	1.87	75.6%	—	0
28	6	48.9%	0.26	0.01	0.40	24.50	0.86	3.60	2.61	117.7%	1	14
128	23	62.9%	0.22	0.01	0.53	25.00	—	—	—	—	—	—
10	10	83.6%	0.34	0.01	1.57	25.50	—	—	—	—	—	—
42	26	50.6%	0.15	0.01	0.34	26.00	—	—	—	—	—	—
38	36	85.5%	0.11	0.00	1.22	26.50	—	—	—	—	—	—
17	4	76.2%	0.09	0.00	0.76	27.00	—	—	—	—	—	—
12	1	128.9%	0.13	0.00	2.16	28.00	—	—	—	—	—	—
2	—	139.1%	0.37	0.00	2.15	29.00	5.45	8.35	7.30	108.4%	—	0
1	—	157.4%	0.39	0.00	2.13	31.00	—	—	—	—	—	—

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 30, 2026 expiration, the M put/call ratio based on open interest is 0.28 (404 puts vs 1,454 calls), and 0.26 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 30, 2026 is about 56.6%, 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.