August 7th Options Now Available For Macy's (M)

Macy's (M) now has August 7th options available, offering investors new strategies. For instance, selling a put contract at a $24.50 strike price could lead to purchasing the stock at a lower cost basis or a 0.82% return if the contract expires worthless. Alternatively, a covered call strategy using a $28.00 strike price could yield an 8.17% return if the stock is called away.