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: Sep 17, 2027
Days to expiration: 341
Share price: $22.67
Put/call ratio (OI): 1.20
Put/call ratio (volume): 0.05
ATM implied volatility: 52.9%
Expected move: ±$11.59
Open interest (C / P): 1.89K / 2.26K

M options summary

The M options chain for the September 17, 2027 expiration lists 7 call and 5 put contracts, with 341 days until expiration. Open interest stands at 1,885 calls and 2,260 puts, a put/call ratio of 1.20, which is fairly balanced between calls and puts. At-the-money implied volatility near the $25.00 strike is 52.9%, which implies the market expects a move of about ±$11.59 (51.1%) in Macy's stock by expiration.

The most open interest sits at the $25.00 call (1.56K contracts) and the $20.00 put (1.02K contracts).

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

M options chain · September 17, 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	84.8%	17.80	15.55	20.00	5.00	—	—	—	—	—	—
0	—	—	12.00	0.00	0.00	10.00	0.12	0.22	0.28	52.5%	3	977
11	1	73.0%	8.50	6.70	9.85	15.00	0.29	0.87	0.81	48.1%	20	109
168	1	63.0%	5.46	3.30	6.55	20.00	0.98	3.85	2.49	62.6%	37	1,016
M $22.67
1,558	1,327	62.2%	3.20	1.05	4.55	25.00	3.70	5.25	5.10	43.6%	2	157
95	1	56.9%	1.80	0.41	2.75	30.00	—	—	—	—	—	—
53	1	54.5%	0.97	0.50	1.68	35.00	14.60	17.30	18.43	78.3%	—	1

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 September 17, 2027 expiration, the M put/call ratio based on open interest is 1.20 (2,260 puts vs 1,885 calls), and 0.05 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 September 17, 2027 is about 52.9%, 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.