Stock Traders Purchase Large Volume of Macy's Call Options (NYSE:M)

Market Beat
2026.06.04 17:06
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Macy's (NYSE:M) experienced unusual options activity with investors purchasing 23,791 call options, a 119% increase over average daily volume. The stock rose 7.2% to $23.38 following strong Q1 earnings that beat estimates and raised FY26 guidance. While analysts have mixed ratings, heavy call buying signals bullish sentiment. Additionally, Macy's announced a quarterly dividend of $0.1915.