Macy's (M) volatility stays elevated as shares fall to six-year low after CFO warns margins could be below forecast

Macy's (NYSE: M) June weekly call option implied volatility is at 55, June is at 44, July is at 26; compared to its 52-week range of 27 to 54 after CFO Karen Hoguet warned analysts the department store gross margin could be below forecast.

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