Bearish flow noted in Synchrony with 4,036 puts trading, or 5x expected. Most active are Jun-24 42 puts and Jul-24 42 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 28.42, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 23rd.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYF:
- Virgin Red announces agreement with Synchrony and MasterCard
- Synchrony Financial Releases Monthly Credit Statistics
- Friday’s preliminary injunction positive for card industry, says TD Cowen
- Synchrony call volume above normal and directionally bullish
- Carvana upgraded, Block downgraded: Wall Street’s top analyst calls