Bearish flow noted in Synchrony with 2,264 puts trading, or 1.4x expected. Most active are May-23 25 puts and Jul-23 30 calls, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 4.74, while ATM IV is up over 1 point on the day. Earnings are expected on July 17th.
Published first on TheFly
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