5000 SYF Nov 30 puts went up in 2 blocks marked spread on the PHLX
Shares of Synchrony Financial (SYF) are up .36 to 32.70. ?SYF is near the middle of the 52 week range.
- Paper traded 5000 SYF Nov 30 puts and Nov 34 calls for .9 and .5. ??
- The ADV is 4500 contracts.? ?
- The open interest is less than 1500 contracts.
The volume went up in 2 blocks marked spread on the PHLX.? The stock block was 200k shares for 32.32 so the trader is buying puts and stock on a ratio.? The collar is a lot protection for the stock block size.? A bid move down and this trade does best.
- IV 30 is trading for 37%.?
- HV10 is trading for 36%.?
- IV 30 is above the HV 10.
Synchrony Financial (Synchrony) is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers.