Macy's Option Alert: Fri $11.5 Calls Sweep (131) near the Ask: 2075 @ $0.237 vs 3094 OI; Earnings 11/16 Before Open [est] Ref=$11.5
Portfolio Pulse from Charles Gross
Macy's has seen a significant option alert with Friday $11.5 calls sweep near the ask of 2075 at $0.237 versus 3094 open interest. The company is expected to announce its earnings on 11/16 before the market opens.
October 24, 2023 | 1:40 pm
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NEUTRAL IMPACT
Macy's has seen a significant increase in options trading activity, which could indicate investor anticipation of a price movement. The company's earnings announcement on 11/16 could also impact the stock price.
The increase in options trading activity could indicate that investors are anticipating a significant price movement for Macy's stock. The upcoming earnings announcement could also impact the stock price, depending on whether the company's financial performance meets, exceeds, or falls short of expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100