Macy's (M) Options Chain
NYSE: MConsumer DiscretionaryDepartment/Specialty Retail StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- May 21, 2027
- Days to expiration
- 223
- Share price
- $22.67
- Put/call ratio (OI)
- 1.48
- Put/call ratio (volume)
- 0.50
- Expected move
- ±$12.49
- Open interest (C / P)
- 21 / 31
M options summary
The M options chain for the May 21, 2027 expiration lists 8 call and 5 put contracts, with 223 days until expiration. Open interest stands at 21 calls and 31 puts, a put/call ratio of 1.48, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $22.00 strike is 70.5%, which implies the market expects a move of about ±$12.49 (55.1%) in Macy's stock by expiration.
The most open interest sits at the $27.00 call (8 contracts) and the $24.00 put (26 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
M options chain · May 21, 2027
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| — | — | — | 17.00 | 0.05 | 1.37 | 0.80 | |||||
| 5.38 | 4.65 | 7.25 | 18.00 | — | — | 1.30 | |||||
| 4.90 | — | — | 19.00 | 0.33 | 2.23 | 1.34 | |||||
| 4.26 | — | — | 20.00 | 0.93 | 1.97 | 1.74 | |||||
| 3.45 | 2.18 | 5.20 | 22.00 | — | — | — | |||||
| — | — | — | 24.00 | 2.86 | 4.60 | 4.18 | |||||
| 2.26 | 1.41 | 2.53 | 25.00 | — | — | — | |||||
| 1.65 | 1.54 | 1.93 | 27.00 | — | — | — | |||||
| 1.77 | 0.40 | 1.90 | 28.00 | — | — | — | |||||
| 1.35 | — | — | 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 May 21, 2027 expiration, the M put/call ratio based on open interest is 1.48 (31 puts vs 21 calls), and 0.50 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 May 21, 2027 is about 70.5%, 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.