Bearish flow noted in Synchrony (SYF) with 1,024 puts trading, or 1.3x expected. Most active are Jun-25 42 puts and Jun-25 50 calls, with total volume in those strikes near 770 contracts. The Put/Call Ratio is 1.93, while ATM IV is up over 4 points on the day. Earnings are expected on April 22nd.
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