Bearish flow noted in Synchrony with 6,122 puts trading, or 5x expected. Most active are Feb-24 36 puts and Feb-24 37 puts, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 13.73, while ATM IV is up over 2 points on the day. Earnings are expected on January 23rd.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SYF:
- Synchrony price target raised to $47 from $40 at Citi
- Synchrony price target raised to $42 from $35 at JMP Securities
- Apple downgraded, Home Depot upgraded: Wall Street’s top analyst calls
- Synchrony, The Good Feet Store extend financing partnership
- Synchrony price target raised to $36 from $31 at Barclays