7.62K calls and 5.23K puts traded on Nov 4, 2026, 12.85K contracts in total. Open interest was 205.79K contracts. Over the past 30 days, volume averaged 11.48K contracts per day. The M option volume chart shows volume by strike and expiration date.

Macy's IV rank is 45, so its 30-day implied volatility of 50.8% is near the middle of its one-year range. Over the past year it ranged from 33.0% on Dec 26, 2025 to 72.1% on Mar 12, 2026. See the M implied volatility history for a longer view.

The Macy's put/call volume ratio was 0.69 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 1.46. The M open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Macy's options about one week from expiration was $24.00, 6.6% below the $25.70 close. The M max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 49.8%, options price a move of about ±$1.77 (±6.9%) over the next week, a range of roughly $23.93 to $27.47 from the Nov 4, 2026 close. The M expected move chart shows it for every expiration date.