Synchrony put volume heavy and directionally bearish
The Fly

Synchrony put volume heavy and directionally bearish

Bearish flow noted in Synchrony with 1,206 puts trading, or 1.1x expected. Most active are Oct-23 28 puts and Oct-23 29 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 4.57, while ATM IV is up over 3 points on the day. Earnings are expected on October 24th.

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:

Related Articles
TheFlyApple says iOS 18 users can access installment loan options from Affirm
TheFlySynchrony price target raised to $65 from $60 at Jefferies
TheFlySynchrony price target raised to $40 from $37 at Morgan Stanley
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App