Bearish flow noted in Synchrony with 2,507 puts trading, or 1.3x expected. Most active are Jan-25 40 puts and Mar-24 38 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 29.49, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 17th.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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 partners with PatientNow for payment technology in cosmetic industry
- Synchrony Announces Quarterly Common Stock Dividend of $0.25 Per Share
- Synchrony price target raised to $48 from $46 at Piper Sandler
- Synchrony price target raised to $41 from $40 at BofA
- Synchrony price target raised to $46 from $40 at Stephens