Bearish flow noted in Synchrony with 8,342 puts trading, or 5x expected. Most active are Dec-22 32 puts and 11/11 weekly 36 calls, with total volume in those strikes near 8,200 contracts. The Put/Call Ratio is 21.39, while ATM IV is up over 1 point on the day. Earnings are expected on January 27th.
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