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: Jan 15, 2027
Days to expiration: 97
Share price: $22.67
Put/call ratio (OI): 0.45
Put/call ratio (volume): 0.08
ATM implied volatility: 46.6%
Expected move: ±$5.44
Open interest (C / P): 31.05K / 14.02K

M options summary

The M options chain for the January 15, 2027 expiration lists 26 call and 20 put contracts, with 97 days until expiration. Open interest stands at 31,047 calls and 14,022 puts, a put/call ratio of 0.45, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $23.00 strike is 46.6%, which implies the market expects a move of about ±$5.44 (24.0%) in Macy's stock by expiration.

The most open interest sits at the $23.00 call (10.31K contracts) and the $8.00 put (4.43K contracts).

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

M options chain · January 15, 2027

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
3	3	283.6%	19.37	18.35	21.75	3.00	0.00	0.00	0.02	50.0%	1	0
1	3	209.4%	17.45	16.35	19.75	5.00	0.00	0.00	0.04	50.0%	12	0
296	31	111.7%	14.13	13.55	16.00	8.00	0.00	1.33	0.02	172.4%	36	4,427
51	2	85.5%	12.20	12.60	12.90	10.00	0.00	0.75	0.02	118.8%	1	2,961
481	1	77.5%	10.91	9.60	12.05	12.00	0.00	0.07	0.03	59.4%	4	185
2,159	3	96.5%	7.95	8.60	11.85	13.00	0.01	0.10	0.05	56.6%	2	255
1,362	1	82.5%	7.65	6.70	8.35	15.00	0.09	1.03	0.10	77.2%	3	351
989	10	69.4%	5.50	4.85	6.50	17.00	0.01	0.49	0.31	56.7%	1	1,879
25	1	52.0%	3.70	3.95	6.55	18.00	0.11	0.59	0.55	52.3%	1	203
14	2	65.6%	4.15	3.20	5.00	19.00	0.48	0.76	0.68	49.4%	6	316
933	24	55.8%	3.83	2.48	4.00	20.00	0.80	0.99	1.03	47.0%	91	1,751
51	66	53.0%	3.03	1.83	3.30	21.00	0.01	2.50	1.18	73.2%	5	306
2,926	95	48.9%	2.62	2.17	2.59	22.00	1.42	1.85	1.73	47.3%	8	417
M $22.67
10,314	1,251	45.9%	1.98	1.76	1.99	23.00	0.92	2.38	2.26	47.2%	8	342
864	914	46.9%	1.60	1.38	1.64	24.00	2.63	4.00	3.15	54.3%	1	192
3,562	56	48.6%	1.27	0.80	1.39	25.00	2.18	3.90	3.35	52.6%	1	309
281	34	48.5%	1.05	0.01	1.11	26.00	2.90	5.45	4.05	71.2%	12	40
2,358	39	46.1%	0.80	0.65	0.79	27.00	4.65	6.20	4.80	53.8%	1	76
336	1	46.6%	0.58	0.01	0.63	28.00	—	—	—	—	—	—
282	39	46.7%	0.58	0.06	0.49	29.00	—	—	—	—	—	—
2,998	5	58.5%	0.39	0.20	1.29	30.00	6.85	7.90	8.04	53.3%	2	10
124	1	50.2%	0.26	0.01	0.74	31.00	—	—	—	—	—	—
297	2	52.3%	0.26	0.01	0.68	32.00	—	—	—	—	—	—
77	6	50.4%	0.17	0.01	0.46	33.00	—	—	—	—	—	—
5	1	71.7%	0.18	0.01	1.39	34.00	—	—	—	—	—	—
258	10	75.3%	0.13	0.06	1.37	35.00	12.05	13.00	9.80	53.8%	—	2

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 January 15, 2027 expiration, the M put/call ratio based on open interest is 0.45 (14,022 puts vs 31,047 calls), and 0.08 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 January 15, 2027 is about 46.6%, 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.