# M options activity and gamma

Canonical: https://squawkflow.com/ticker/M

Macy's Inc Common Stock. Consumer Discretionary. Catalogue checked 2026-10-20.

Last held price $24.08, as of 2026-10-23T20:00:00.000Z, delayed price.

As of 2026-10-23T20:00:00.000Z, M has 50,772 standard-contract open interest across 7 expiries, 3.82% from the dated underlying price to the call wall. OI rank 59 of 113 measured books with the same UTC source date; not a full-market ranking.

Source: delayed options data; quote 2026-10-23T20:00:00.000Z; chain 2026-10-23T20:00:00.000Z. OI-derived gamma estimate, calls positive and puts negative; 100-share standard roots only; dollars per 1% underlying move. Not observed dealer positions. Full-chain activity; at most 40 nearest gamma strikes.

Gamma by strike (40 rows, dollars per 1% move):

| Strike | Net gamma estimate |
| --- | --- |
| 35 | 0 |
| 34 | 0 |
| 33 | 0 |
| 32 | 0 |
| 31 | 295 |
| 30 | 701 |
| 29 | 17102 |
| 28.5 | 237 |
| 28 | 78385 |
| 27.5 | 1122 |
| 27 | 31364 |
| 26.5 | 22972 |
| 26 | 64747 |
| 25.5 | 4786 |
| 25 | 302387 |
| 24.5 | 40240 |
| 24 | 102148 |
| 23.5 | 64720 |
| 23 | 139286 |
| 22.5 | -73261 |
| 22 | 15977 |
| 21.5 | -10404 |
| 21 | -89429 |
| 20.5 | -2834 |
| 20 | -38201 |
| 19.5 | -628 |
| 19 | -8416 |
| 18.5 | 0 |
| 18 | 0 |
| 17.5 | 0 |
| 17 | 0 |
| 16 | 0 |
| 15 | 0 |
| 14 | 0 |
| 13 | 0 |
| 12 | 0 |
| 11 | 0 |
| 10 | 0 |
| 9 | 0 |
| 8 | 0 |

Sector peers: [AAL](https://squawkflow.com/ticker/AAL), [AAP](https://squawkflow.com/ticker/AAP), [ABG](https://squawkflow.com/ticker/ABG), [ABM](https://squawkflow.com/ticker/ABM), [ABNB](https://squawkflow.com/ticker/ABNB), [ACCO](https://squawkflow.com/ticker/ACCO), [ACEL](https://squawkflow.com/ticker/ACEL), [ACM](https://squawkflow.com/ticker/ACM)

[Sector context](https://squawkflow.com/sector-rotation)