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: Mar 19, 2027
Days to expiration: 160
Share price: $22.67
Put/call ratio (OI): 1.45
Put/call ratio (volume): 0.65
ATM implied volatility: 60.0%
Expected move: ±$9.01
Open interest (C / P): 1.90K / 2.75K

M options summary

The M options chain for the March 19, 2027 expiration lists 20 call and 15 put contracts, with 160 days until expiration. Open interest stands at 1,899 calls and 2,752 puts, a put/call ratio of 1.45, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $23.00 strike is 60.0%, which implies the market expects a move of about ±$9.01 (39.8%) in Macy's stock by expiration.

The most open interest sits at the $25.00 call (304 contracts) and the $10.00 put (688 contracts).

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

M options chain · March 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	—	12.89	0.00	0.00	10.00	0.00	1.50	0.03	113.1%	4	688
12	6	51.0%	8.50	6.70	9.30	15.00	0.23	0.33	0.27	51.0%	4	410
38	3	78.6%	5.53	4.25	6.90	18.00	0.28	1.32	0.82	58.6%	10	92
66	2	74.6%	4.90	3.65	6.15	19.00	0.33	1.25	1.21	49.4%	60	127
172	56	62.7%	3.89	3.25	5.00	20.00	0.92	1.72	1.39	51.0%	19	152
31	92	69.3%	3.68	2.55	4.85	21.00	1.08	2.58	1.90	58.5%	1	52
119	92	51.1%	3.11	2.40	4.30	22.00	2.11	2.53	2.13	48.6%	25	584
M $22.67
114	45	64.5%	2.48	1.93	3.70	23.00	2.14	3.50	2.76	55.6%	108	453
173	11	47.4%	2.40	1.72	2.29	24.00	3.00	4.35	3.60	59.6%	3	46
304	37	57.5%	2.00	1.27	2.55	25.00	3.60	4.30	4.13	47.8%	28	136
170	2	47.2%	1.68	0.98	1.64	26.00	4.45	4.80	4.45	44.2%	1	6
111	15	56.9%	1.43	0.54	1.93	27.00	4.25	6.60	5.10	62.7%	—	1
144	1	55.6%	1.38	0.34	1.62	28.00	—	—	—	—	—	—
77	18	53.4%	0.99	0.01	1.29	29.00	—	—	—	—	—	—
181	3	48.1%	0.80	0.27	0.86	30.00	6.55	8.25	7.72	49.4%	2	3
33	1	47.1%	0.69	0.14	0.68	31.00	—	—	—	—	—	—
41	25	51.7%	0.58	0.01	1.49	32.00	—	—	—	—	—	—
0	—	51.7%	0.39	0.33	0.95	33.00	—	—	—	—	—	—
3	4	49.5%	0.32	0.15	0.47	34.00	11.25	12.00	9.60	55.1%	—	2
110	4	48.7%	0.31	0.01	0.37	35.00	0.00	0.00	12.75	—	7	0

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 March 19, 2027 expiration, the M put/call ratio based on open interest is 1.45 (2,752 puts vs 1,899 calls), and 0.65 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 March 19, 2027 is about 60.0%, 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.