|Bid||17.92 x 2200|
|Ask||18.10 x 1800|
|Day's Range||16.22 - 18.25|
|52 Week Range||4.91 - 22.30|
|Beta (5Y Monthly)||2.13|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 18, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||13.65|
On CNBC's "Options Action," Mike Khouw suggested that traders should consider a bullish options trade in Macy's Inc (NYSE: M). He said Macy's has a lot of debt and its equity is relatively volatile so options premiums are expensive. To offset some of the premium Khouw wants to buy the in-the-money, July $16 call and sell the July $22 call for a total cost of $2.06. The trade breaks even at $18.06, which is just below the closing price on Friday. If the stock trades to $22 or higher, the trade is going to reach its maximal profit of $3.96. Carter Worth of Cornerstone Macro sees some bullish technical signs in the name. He noticed a wedge technical pattern and a head and shoulders bottom pattern. He is betting the stock is heading up. Tony Zhang doesn't love the fundamentals of the stock, but he sees some potential from a technical standpoint. The company is going to report earnings on Tuesday and in case of a positive surprise, Zhang expects a move to $26 or $27. He would use an out-of-the-money call spread because he wants to risk less. Instead of paying 11% of the stock price, as Khouw suggested, Zhang would pay around 5% because he believes the probability for a breakout above $20 is low. See more from BenzingaClick here for options trades from Benzinga'Halftime Report' Traders Weigh In On JD, Alibaba And MorePete Najarian Sees Unusual Options Activity In Airbnb And Under Armour© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The iconic department store chain just revealed more details of its plan for monetizing some of its valuable Manhattan real estate.
The Centers for Disease Control (CDC) has relaxed mask-wearing rules for those fully vaccinated against COVID-19. According to the CDC, fully vaccinated people can resume activities without wearing a mask or physically distancing, except where required by federal, state, local, tribal or territorial laws, rules and regulations, including local business and workplace guidance. The CDC says people are considered fully vaccinated two weeks after their second dose in a two-dose series, such as the Pfizer Inc. (NYSE: PFE) or Moderna Inc (NASDAQ: MRNA) vaccines, or two weeks after a single-dose vaccine, such as Johnson & Johnson's (NYSE: JNJ) Janssen vaccine. At present, about 59% of American adults have received at least one shot, while 45% have received both. Here is how some major retail chains across the U.S. are responding: Walmart Inc (NYSE: WMT) said masks will no longer be required for fully vaccinated Walmart employees or customers starting from this coming Tuesday. Some local ordinances could still require masks. The company has also announced that a $75 bonus will be given to those employees who are or get vaccinated against COVID-19. Trader Joe's said fully vaccinated customers no longer need to wear masks in stores. However, it still requires its employees to wear masks. Costco Wholesale Corporation (NASDAQ: COST) also said it is removing mask requirements for shoppers inside stores on Friday. But customers will still have to wear face masks in its pharmacy and optical departments. Retail chain Publix said it would no longer require masks for vaccinated people starting Saturday. Publix's stores are in seven states in the South, including Florida. Apple Inc (NASDAQ: AAPL) has not changed its rule regarding masks for shoppers and employees. Similarly, Target Corporation (NYSE: TGT) has not relaxed its rule regarding wearing masks. Home Depot Inc (NYSE: H.D.) has not changed its rules regarding wearing masks for its customers and workers. Macy's Inc (NYSE: M) and Gap Inc (NYSE: GPS) have said that they are still reviewing the CDC guidance. See more from BenzingaClick here for options trades from Benzinga9 Takeaways From Berkshire Hathaway's Annual Shareholder Meeting© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.