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 21, 2028
Days to expiration: 469
Share price: $22.67
Put/call ratio (OI): 0.69
Put/call ratio (volume): 0.50
ATM implied volatility: 68.5%
Expected move: ±$17.60
Open interest (C / P): 7.67K / 5.30K

M options summary

The M options chain for the January 21, 2028 expiration lists 13 call and 13 put contracts, with 469 days until expiration. Open interest stands at 7,665 calls and 5,302 puts, a put/call ratio of 0.69, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $22.00 strike is 68.5%, which implies the market expects a move of about ±$17.60 (77.6%) in Macy's stock by expiration.

The most open interest sits at the $20.00 call (1.62K contracts) and the $10.00 put (1.74K contracts).

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

M options chain · January 21, 2028

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
1	3	92.6%	19.85	17.50	22.00	3.00	0.00	0.00	0.07	50.0%	50	0
63	151	69.0%	17.95	15.50	20.00	5.00	0.02	0.12	0.09	67.6%	1	4
10	1	105.5%	14.45	12.50	16.20	8.00	0.00	0.22	0.13	51.2%	2	528
58	20	52.3%	12.71	10.50	15.50	10.00	0.28	0.40	0.27	52.6%	4	1,738
228	1	86.8%	10.90	8.00	12.50	13.00	0.51	0.75	0.68	48.5%	20	234
263	2	69.1%	8.74	6.50	10.30	15.00	0.15	1.30	1.01	48.5%	1	1,003
410	1	78.8%	6.69	5.00	10.00	17.00	0.38	3.45	1.66	67.3%	2	221
1,616	15	60.5%	6.05	3.50	7.15	20.00	0.50	4.15	2.79	56.8%	46	702
881	55	72.9%	4.95	2.50	7.50	22.00	1.20	6.00	3.75	64.1%	23	560
M $22.67
1,358	1	57.6%	3.70	1.34	5.00	25.00	3.00	6.95	5.24	53.9%	16	116
355	35	47.3%	3.00	0.57	3.35	27.00	4.15	9.00	7.28	60.2%	1	182
1,527	11	58.0%	2.33	1.01	3.70	30.00	8.60	10.45	10.43	52.3%	1	7
895	39	64.1%	1.25	0.10	3.35	35.00	10.50	14.25	13.20	49.3%	1	7

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 21, 2028 expiration, the M put/call ratio based on open interest is 0.69 (5,302 puts vs 7,665 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 January 21, 2028 is about 68.5%, 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.