High implied volatility in Macy's options market indicates increased investor interest. The February 20, 2026, $4.00 Call option features some of the highest implied volatility among equity options. Traders anticipate a significant price swing, potentially leading to a rally or a sell-off.
Macy's currently holds a Zacks Rank #3 (Hold). Over the past 60 days, the Zacks Consensus Estimate for current quarter earnings per share increased from $0.17 to $0.18. Heightened options activity suggests traders are positioning for a potential trade, possibly selling premium to capitalize on the high implied volatility.