Bearish flow noted in Synchrony with 3,166 puts trading, or 1.5x expected. Most active are Jan-24 35 puts and Jan-24 36 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 20.04, while ATM IV is up over 1 point on the day. Earnings are expected on January 23rd.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- 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 today’s best-performing stocks on TipRanks >>
Read More on SYF:
- Synchrony put volume heavy and directionally bearish
- Synchrony price target raised by $2 at Morgan Stanley, here’s why
- Keefe says Apple ending Goldman partnership not big surprise
- J.Crew Group partners with Synchrony, Mastercard for new credit card program
- Apple (NASDAQ:AAPL) and Goldman Sachs Sever Credit Card Partnership