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 20, 2026
Days to expiration: 40
Share price: $22.67
Put/call ratio (OI): 0.89
Put/call ratio (volume): 0.48
ATM implied volatility: 47.8%
Expected move: ±$3.59
Open interest (C / P): 8.06K / 7.20K

M options summary

The M options chain for the November 20, 2026 expiration lists 27 call and 23 put contracts, with 40 days until expiration. Open interest stands at 8,064 calls and 7,196 puts, a put/call ratio of 0.89, which is fairly balanced between calls and puts. At-the-money implied volatility near the $23.00 strike is 47.8%, which implies the market expects a move of about ±$3.59 (15.8%) in Macy's stock by expiration.

The most open interest sits at the $24.00 call (1.57K contracts) and the $21.00 put (1.35K contracts).

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

M options chain · November 20, 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	49	153.9%	13.90	12.55	15.00	9.00	0.00	1.14	0.04	227.7%	4	29
1	10	137.9%	11.65	11.55	14.00	10.00	0.00	0.23	0.04	140.2%	2	502
0	—	175.8%	10.47	10.55	13.75	11.00	0.00	0.25	0.03	127.7%	1	501
1	1	110.2%	10.79	9.55	12.00	12.00	0.00	0.08	0.03	93.8%	2	601
1	—	219.7%	11.15	9.50	13.00	13.00	0.00	0.26	0.07	102.5%	1	15
0	1	86.7%	7.85	7.55	10.00	14.00	0.00	0.07	0.02	71.5%	10	240
1	2	107.0%	7.30	7.15	9.00	15.00	0.01	0.05	0.03	60.9%	1	257
17	10	102.7%	6.90	5.60	8.80	16.00	0.00	0.09	0.09	56.3%	2	82
0	—	—	3.60	0.00	0.00	17.00	0.00	0.06	0.04	50.4%	2	277
104	1	56.5%	4.80	4.45	5.30	18.00	0.00	0.12	0.07	49.0%	2	238
70	5	53.3%	4.20	2.92	5.05	19.00	0.08	0.34	0.14	54.8%	5	294
208	1	53.2%	2.75	2.82	3.60	20.00	0.20	0.51	0.35	51.9%	254	500
94	2	59.7%	2.60	1.92	2.70	21.00	0.51	0.60	0.55	43.4%	6	1,346
699	148	54.8%	1.90	1.03	1.99	22.00	0.40	1.10	0.83	47.3%	1	499
M $22.67
1,027	34	45.5%	1.32	1.05	1.23	23.00	1.20	1.70	1.41	50.1%	7	304
1,568	29	47.9%	0.87	0.32	0.92	24.00	0.99	2.23	1.80	47.2%	11	1,002
1,228	6	52.3%	0.54	0.03	0.75	25.00	1.61	3.10	3.66	53.0%	5	376
1,067	353	47.3%	0.41	0.16	0.41	26.00	2.42	3.80	3.15	49.9%	3	106
440	2	55.1%	0.29	0.01	0.42	27.00	0.00	0.00	3.91	—	1	0
342	4	52.0%	0.15	0.05	0.43	28.00	4.65	6.20	3.75	81.8%	—	4
141	1	57.8%	0.21	0.02	0.24	29.00	6.20	7.10	5.25	62.8%	2	17
252	5	65.3%	0.07	0.00	0.54	30.00	6.80	8.35	8.21	63.7%	1	0
202	3	53.1%	0.06	0.00	0.15	31.00	—	—	—	—	—	—
477	1	55.1%	0.05	0.00	0.12	32.00	—	—	—	—	—	—
20	2	76.8%	0.06	0.00	0.45	33.00	—	—	—	—	—	—
0	1	25.0%	0.14	0.00	0.00	34.00	—	—	—	—	—	—
104	3	64.5%	0.06	0.00	0.10	35.00	11.20	13.40	10.25	132.5%	—	6

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 20, 2026 expiration, the M put/call ratio based on open interest is 0.89 (7,196 puts vs 8,064 calls), and 0.48 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 20, 2026 is about 47.8%, 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.