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: Feb 19, 2027
Days to expiration: 131
Share price: $22.67
Put/call ratio (OI): 0.90
Put/call ratio (volume): 0.45
ATM implied volatility: 53.7%
Expected move: ±$7.29
Open interest (C / P): 1.30K / 1.17K

M options summary

The M options chain for the February 19, 2027 expiration lists 19 call and 14 put contracts, with 131 days until expiration. Open interest stands at 1,305 calls and 1,170 puts, a put/call ratio of 0.90, which is fairly balanced between calls and puts. At-the-money implied volatility near the $23.00 strike is 53.7%, which implies the market expects a move of about ±$7.29 (32.1%) in Macy's stock by expiration.

The most open interest sits at the $26.00 call (302 contracts) and the $20.00 put (520 contracts).

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

M options chain · February 19, 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
0	2	—	8.21	0.00	0.00	15.00	0.11	0.21	0.21	49.8%	4	95
—	—	—	—	—	—	16.00	0.01	0.49	0.28	55.8%	3	22
—	—	—	6.03	—	—	17.00	0.13	0.48	0.48	48.3%	1	39
2	—	80.6%	7.10	4.70	8.60	18.00	0.06	0.69	0.67	47.8%	1	29
—	—	—	—	—	—	19.00	0.73	0.91	1.17	46.1%	1	16
10	80	53.2%	3.61	2.72	4.25	20.00	0.99	1.21	1.20	45.2%	1	520
63	76	51.4%	3.37	2.45	3.60	21.00	0.75	1.81	1.84	49.1%	5	10
189	76	49.7%	2.83	2.03	3.00	22.00	1.40	2.02	1.97	43.8%	1	229
M $22.67
56	1	48.9%	2.36	1.46	2.51	23.00	1.54	3.35	2.93	58.4%	22	70
111	2	54.5%	1.60	0.62	2.42	24.00	1.71	3.55	3.40	50.9%	36	41
3	2	60.5%	1.46	0.66	2.40	25.00	0.00	0.00	3.58	—	1	0
302	38	51.8%	1.53	0.26	1.63	26.00	3.05	4.50	5.80	42.8%	—	7
174	56	60.5%	1.20	0.26	1.82	27.00	—	—	—	—	—	—
131	1	47.6%	0.86	0.20	0.96	28.00	4.80	6.55	6.55	53.2%	82	92
50	1	47.4%	0.43	0.06	0.78	29.00	—	—	—	—	—	—
17	2	47.3%	0.60	0.01	0.63	30.00	—	—	—	—	—	—
5	1	52.9%	0.57	0.01	0.72	31.00	—	—	—	—	—	—
2	1	48.0%	0.31	0.01	0.44	32.00	—	—	—	—	—	—
2	6	47.1%	0.29	0.18	0.33	33.00	—	—	—	—	—	—
181	1	53.9%	0.18	0.20	0.45	34.00	0.00	0.00	9.55	—	—	0
7	6	52.8%	0.18	0.01	0.69	35.00	—	—	—	—	—	—

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 February 19, 2027 expiration, the M put/call ratio based on open interest is 0.90 (1,170 puts vs 1,305 calls), and 0.45 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 February 19, 2027 is about 53.7%, 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.