M · Macy's, Inc.

Track M — free Ask ALVIS about M

$25.13 +0.17 (+0.68%)

Market Cap

$6.57B

263.04M

Options Chain

15-min delayed Underlying $25.13 · today Options Calculator

Positioning

Jul 31, 2026 · 3 days to expiry · 58 contracts

Put / call OI

0.55

Call-heavy positioning

Open interest

7,747

contracts outstanding

Volume

1,855

traded today

Max pain

$23.00

$2.13 below spot

ATM implied vol

59.3%

market's expected move

Open interest by strike · near the money

Calls Puts

17.5

18.5

19.5

20.5

21.5

22.5

23.5

24.5

25.5

26.5

27.5

28.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Jul 31 3d Aug 7 10d Aug 14 17d Aug 21 24d Aug 28 31d Sep 4 38d Sep 18 52d Nov 20 115d Dec 18 143d Jan 15 171d Feb 19 206d Mar 19 234d Jun 17 324d Sep 17 416d Jan 21 542d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
6	9	517.1%	0.931	$11.15		$0.10	—	—	1	1
Call · $14 In the money Last $11.15 Breakeven $25.15 Implied vol 517.1% Delta 0.931 ≈93% ITM Gamma 0.011 Theta -0.262 Vega 0.003 Open interest 6 Model this call Put · $14 Last $0.10 Breakeven $13.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this put
59	9	293.8%	0.981	$10.05		$0.04	-0.015	281.7%	2	1
Call · $15 In the money Last $10.05 Breakeven $25.05 Implied vol 293.8% Delta 0.981 ≈98% ITM Gamma 0.007 Theta -0.05 Vega 0.001 Open interest 59 Model this call Put · $15 Last $0.04 Breakeven $14.96 Implied vol 281.7% Delta -0.015 ≈2% ITM Gamma 0.006 Theta -0.041 Vega 0.001 Open interest 1 Model this put
43	6	293.8%	0.966	$9.12		—	—	—	—	0
Call · $16 In the money Last $9.12 Breakeven $25.12 Implied vol 293.8% Delta 0.966 ≈97% ITM Gamma 0.011 Theta -0.083 Vega 0.002 Open interest 43 Model this call Put · $16 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
54	1	—	—	$8.15		$0.38	-0.039	262.2%	25	26
Call · $17 In the money Last $8.15 Breakeven $25.15 Implied vol — Delta — Gamma — Theta — Vega — Open interest 54 Model this call Put · $17 Last $0.38 Breakeven $16.62 Implied vol 262.2% Delta -0.039 ≈4% ITM Gamma 0.014 Theta -0.083 Vega 0.002 Open interest 26 Model this put
4	18	115.6%	1	$7.72		—	—	—	—	0
Call · $17.5 In the money Last $7.72 Breakeven $25.22 Implied vol 115.6% Delta 1 ≈100% ITM Gamma 0 Theta 0 Vega 0 Open interest 4 Model this call Put · $17.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
9	5	338.8%	0.895	$7.15		$0.03	-0.084	295%	2	1
Call · $18 In the money Last $7.15 Breakeven $25.15 Implied vol 338.8% Delta 0.895 ≈89% ITM Gamma 0.024 Theta -0.238 Vega 0.005 Open interest 9 Model this call Put · $18 Last $0.03 Breakeven $17.97 Implied vol 295% Delta -0.084 ≈8% ITM Gamma 0.023 Theta -0.172 Vega 0.003 Open interest 1 Model this put
6	16	166.1%	0.983	$6.65		$0.07	-0.044	210.1%	6	4
Call · $18.5 In the money Last $6.65 Breakeven $25.15 Implied vol 166.1% Delta 0.983 ≈98% ITM Gamma 0.011 Theta -0.026 Vega 0.001 Open interest 6 Model this call Put · $18.5 Last $0.07 Breakeven $18.43 Implied vol 210.1% Delta -0.044 ≈4% ITM Gamma 0.019 Theta -0.074 Vega 0.002 Open interest 4 Model this put
15	6	—	—	$6.15		$0.01	-0.055	207.7%	1	8
Call · $19 In the money Last $6.15 Breakeven $25.15 Implied vol — Delta — Gamma — Theta — Vega — Open interest 15 Model this call Put · $19 Last $0.01 Breakeven $18.99 Implied vol 207.7% Delta -0.055 ≈5% ITM Gamma 0.024 Theta -0.088 Vega 0.002 Open interest 8 Model this put
28	29	265.7%	0.881	$5.37		$0.12	-0.02	141.1%	10	35
Call · $19.5 In the money Last $5.37 Breakeven $24.87 Implied vol 265.7% Delta 0.881 ≈88% ITM Gamma 0.033 Theta -0.202 Vega 0.005 Open interest 28 Model this call Put · $19.5 Last $0.12 Breakeven $19.38 Implied vol 141.1% Delta -0.02 ≈2% ITM Gamma 0.015 Theta -0.025 Vega 0.001 Open interest 35 Model this put
9	1	—	—	$4.98		$0.01	-0.163	297.9%	10	45
Call · $20 In the money Last $4.98 Breakeven $24.98 Implied vol — Delta — Gamma — Theta — Vega — Open interest 9 Model this call Put · $20 Last $0.01 Breakeven $19.99 Implied vol 297.9% Delta -0.163 ≈16% ITM Gamma 0.036 Theta -0.28 Vega 0.005 Open interest 45 Model this put
1	1	—	—	$4.51		$0.01	-0.023	117.5%	6	41
Call · $20.5 In the money Last $4.51 Breakeven $25.01 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $20.5 Last $0.01 Breakeven $20.49 Implied vol 117.5% Delta -0.023 ≈2% ITM Gamma 0.021 Theta -0.025 Vega 0.001 Open interest 41 Model this put
6	5	106%	0.974	$3.65		$0.01	-0.022	101.5%	41	751
Call · $21 In the money Last $3.65 Breakeven $24.65 Implied vol 106% Delta 0.974 ≈97% ITM Gamma 0.025 Theta -0.024 Vega 0.001 Open interest 6 Model this call Put · $21 Last $0.01 Breakeven $20.99 Implied vol 101.5% Delta -0.022 ≈2% ITM Gamma 0.023 Theta -0.02 Vega 0.001 Open interest 751 Model this put
13	28	94.5%	0.971	$3.71		$0.01	-0.029	94.6%	22	149
Call · $21.5 In the money Last $3.71 Breakeven $25.21 Implied vol 94.5% Delta 0.971 ≈97% ITM Gamma 0.03 Theta -0.024 Vega 0.002 Open interest 13 Model this call Put · $21.5 Last $0.01 Breakeven $21.49 Implied vol 94.6% Delta -0.029 ≈3% ITM Gamma 0.031 Theta -0.024 Vega 0.002 Open interest 149 Model this put
41	28	74.7%	0.978	$3.26		$0.01	-0.022	75.1%	51	471
Call · $22 In the money Last $3.26 Breakeven $25.26 Implied vol 74.7% Delta 0.978 ≈98% ITM Gamma 0.03 Theta -0.015 Vega 0.001 Open interest 41 Model this call Put · $22 Last $0.01 Breakeven $21.99 Implied vol 75.1% Delta -0.022 ≈2% ITM Gamma 0.031 Theta -0.015 Vega 0.001 Open interest 471 Model this put
532	1	86.2%	0.929	$2.77		$0.02	-0.026	64.7%	15	59
Call · $22.5 In the money Last $2.77 Breakeven $25.27 Implied vol 86.2% Delta 0.929 ≈93% ITM Gamma 0.069 Theta -0.044 Vega 0.004 Open interest 532 Model this call Put · $22.5 Last $0.02 Breakeven $22.48 Implied vol 64.7% Delta -0.026 ≈3% ITM Gamma 0.041 Theta -0.015 Vega 0.001 Open interest 59 Model this put
77	1	68.4%	0.931	$2.27		$0.03	-0.06	65.2%	2	569
Call · $23 In the money Last $2.27 Breakeven $25.27 Implied vol 68.4% Delta 0.931 ≈93% ITM Gamma 0.085 Theta -0.035 Vega 0.004 Open interest 77 Model this call Put · $23 Last $0.03 Breakeven $22.97 Implied vol 65.2% Delta -0.06 ≈6% ITM Gamma 0.081 Theta -0.03 Vega 0.002 Open interest 569 Model this put
281	62	75.4%	0.847	$1.96		$0.08	-0.098	58.9%	34	124
Call · $23.5 In the money Last $1.96 Breakeven $25.46 Implied vol 75.4% Delta 0.847 ≈85% ITM Gamma 0.137 Theta -0.068 Vega 0.006 Open interest 281 Model this call Put · $23.5 Last $0.08 Breakeven $23.42 Implied vol 58.9% Delta -0.098 ≈10% ITM Gamma 0.129 Theta -0.039 Vega 0.004 Open interest 124 Model this put
796	119	56%	0.827	$1.30		$0.12	-0.18	57.8%	88	176
Call · $24 In the money Last $1.30 Breakeven $25.30 Implied vol 56% Delta 0.827 ≈83% ITM Gamma 0.2 Theta -0.055 Vega 0.006 Open interest 796 Model this call Put · $24 Last $0.12 Breakeven $23.88 Implied vol 57.8% Delta -0.18 ≈18% ITM Gamma 0.199 Theta -0.058 Vega 0.006 Open interest 176 Model this put
530	74	45.8%	0.742	$0.85		$0.23	-0.286	53%	113	35
Call · $24.5 In the money Last $0.85 Breakeven $25.35 Implied vol 45.8% Delta 0.742 ≈74% ITM Gamma 0.31 Theta -0.057 Vega 0.008 Open interest 530 Model this call Put · $24.5 Last $0.23 Breakeven $24.27 Implied vol 53% Delta -0.286 ≈29% ITM Gamma 0.282 Theta -0.068 Vega 0.008 Open interest 35 Model this put
1.3k	596	60.6%	0.554	$0.58		$0.29	-0.444	58%	113	151
Call · $25 In the money Last $0.58 Breakeven $25.58 Implied vol 60.6% Delta 0.554 ≈55% ITM Gamma 0.287 Theta -0.092 Vega 0.009 Open interest 1.3k Model this call Put · $25 Last $0.29 Breakeven $24.71 Implied vol 58% Delta -0.444 ≈44% ITM Gamma 0.3 Theta -0.087 Vega 0.009 Open interest 151 Model this put
Underlying $25.13
424	81	54.6%	0.4	$0.28		$0.69	-0.558	81.6%	27	15
Call · $25.5 Last $0.28 Breakeven $25.78 Implied vol 54.6% Delta 0.4 ≈40% ITM Gamma 0.312 Theta -0.081 Vega 0.009 Open interest 424 Model this call Put · $25.5 In the money Last $0.69 Breakeven $24.81 Implied vol 81.6% Delta -0.558 ≈56% ITM Gamma 0.213 Theta -0.122 Vega 0.009 Open interest 15 Model this put
372	25	49.9%	0.237	$0.17		$0.94	-0.7	65.6%	2	48
Call · $26 Last $0.17 Breakeven $26.17 Implied vol 49.9% Delta 0.237 ≈24% ITM Gamma 0.276 Theta -0.06 Vega 0.008 Open interest 372 Model this call Put · $26 In the money Last $0.94 Breakeven $25.06 Implied vol 65.6% Delta -0.7 ≈70% ITM Gamma 0.233 Theta -0.086 Vega 0.008 Open interest 48 Model this put
38	23	51.8%	0.136	$0.12		$3.29	-0.738	85.4%	1	1
Call · $26.5 Last $0.12 Breakeven $26.62 Implied vol 51.8% Delta 0.136 ≈14% ITM Gamma 0.187 Theta -0.044 Vega 0.004 Open interest 38 Model this call Put · $26.5 In the money Last $3.29 Breakeven $23.21 Implied vol 85.4% Delta -0.738 ≈74% ITM Gamma 0.169 Theta -0.106 Vega 0.008 Open interest 1 Model this put
290	86	52%	0.067	$0.04		$3.63	-0.814	83.6%	2	0
Call · $27 Last $0.04 Breakeven $27.04 Implied vol 52% Delta 0.067 ≈7% ITM Gamma 0.111 Theta -0.026 Vega 0.002 Open interest 290 Model this call Put · $27 In the money Last $3.63 Breakeven $23.37 Implied vol 83.6% Delta -0.814 ≈81% ITM Gamma 0.141 Theta -0.085 Vega 0.006 Open interest 0 Model this put
77	3	78%	0.111	$0.03		$3.67	-0.831	97.8%	1	1
Call · $27.5 Last $0.03 Breakeven $27.53 Implied vol 78% Delta 0.111 ≈11% ITM Gamma 0.106 Theta -0.056 Vega 0.004 Open interest 77 Model this call Put · $27.5 In the money Last $3.67 Breakeven $23.83 Implied vol 97.8% Delta -0.831 ≈83% ITM Gamma 0.113 Theta -0.093 Vega 0.006 Open interest 1 Model this put
4	2	69%	0.046	$0.01		$3.60	—	—	9	10
Call · $28 Last $0.01 Breakeven $28.01 Implied vol 69% Delta 0.046 ≈5% ITM Gamma 0.061 Theta -0.025 Vega 0.002 Open interest 4 Model this call Put · $28 In the money Last $3.60 Breakeven $24.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 10 Model this put
0	—	—	—	—		$4.10	-0.878	113.1%	16	17
Call · $28.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $28.5 In the money Last $4.10 Breakeven $24.40 Implied vol 113.1% Delta -0.878 ≈88% ITM Gamma 0.079 Theta -0.086 Vega 0.004 Open interest 17 Model this put
1	1	127.8%	0.122	$0.38		$4.25	-0.912	112.1%	1	1
Call · $29 Last $0.38 Breakeven $29.38 Implied vol 127.8% Delta 0.122 ≈12% ITM Gamma 0.069 Theta -0.098 Vega 0.004 Open interest 1 Model this call Put · $29 In the money Last $4.25 Breakeven $24.75 Implied vol 112.1% Delta -0.912 ≈91% ITM Gamma 0.063 Theta -0.067 Vega 0.004 Open interest 1 Model this put
6	17	114.9%	0.051	$0.01		$5.16	—	—	1	2
Call · $30 Last $0.01 Breakeven $30.01 Implied vol 114.9% Delta 0.051 ≈5% ITM Gamma 0.039 Theta -0.045 Vega 0.003 Open interest 6 Model this call Put · $30 In the money Last $5.16 Breakeven $24.84 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 22 strikes around the money are shown by default — switch to "All 29" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 794367 CUSIP 55616P104 13F (30d) 118 filings 108 filers Visit website Investor relations