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: Nov 6, 2026
Days to expiration: 26
Share price: $22.67
Put/call ratio (OI): 0.97
Put/call ratio (volume): 1.73
ATM implied volatility: 61.2%
Expected move: ±$3.70
Open interest (C / P): 128 / 124

M options summary

The M options chain for the November 6, 2026 expiration lists 16 call and 11 put contracts, with 26 days until expiration. Open interest stands at 128 calls and 124 puts, a put/call ratio of 0.97, which is fairly balanced between calls and puts. At-the-money implied volatility near the $22.50 strike is 61.2%, which implies the market expects a move of about ±$3.70 (16.3%) in Macy's stock by expiration.

The most open interest sits at the $23.00 call (38 contracts) and the $22.00 put (27 contracts).

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

M options chain · November 6, 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
—	—	—	—	—	—	18.00	0.00	2.20	0.18	130.3%	—	2
2	2	113.1%	4.06	3.90	6.35	18.50	0.00	2.21	0.12	121.5%	2	8
—	—	—	—	—	—	19.00	0.00	2.24	0.15	113.3%	1	2
—	—	—	—	—	—	19.50	0.01	1.88	0.16	95.4%	2	3
2	2	56.4%	2.95	1.75	4.35	20.00	0.01	1.65	0.23	81.0%	2	5
—	—	—	—	—	—	20.50	0.19	1.27	0.27	67.8%	2	2
1	—	56.3%	2.20	0.91	3.75	21.00	0.04	1.94	0.43	71.7%	1	8
4	36	58.0%	1.98	0.55	3.55	21.50	0.35	2.56	0.50	83.0%	26	25
8	12	78.6%	1.43	1.21	3.30	22.00	0.49	2.75	0.69	80.1%	20	27
36	16	58.5%	1.20	0.31	1.52	22.50	0.01	2.95	0.78	63.9%	48	16
M $22.67
38	7	66.3%	1.09	0.01	2.95	23.00	1.02	1.53	1.33	54.9%	52	26
9	3	70.3%	0.67	0.01	2.74	23.50	—	—	—	—	—	—
11	3	74.8%	0.53	0.01	2.59	24.00	—	—	—	—	—	—
7	2	51.6%	0.45	0.01	0.60	24.50	—	—	—	—	—	—
4	2	79.6%	0.32	0.01	2.18	25.00	—	—	—	—	—	—
1	—	79.7%	0.50	0.01	1.91	25.50	—	—	—	—	—	—
2	1	51.9%	0.14	0.01	0.30	26.00	—	—	—	—	—	—
1	2	103.1%	0.18	0.00	2.24	27.00	—	—	—	—	—	—
1	—	107.6%	0.35	0.00	2.22	27.50	—	—	—	—	—	—
1	2	120.4%	0.09	0.00	2.18	29.00	—	—	—	—	—	—

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 November 6, 2026 expiration, the M put/call ratio based on open interest is 0.97 (124 puts vs 128 calls), and 1.73 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 November 6, 2026 is about 61.2%, 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.