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SYF
Synchrony Financial, trading $27.65 up $.04 with an IV30 of 27.90 and an HV10 of 16.50, is seeing heavy call action. Traders are jumping all over themselves to buy the August 28 calls. The stock which has OI of 220,000 contracts and an ADV of 7600 is has seen traders buying over 29,000 of the August 28 calls against open interest of just 880 contracts. We can clearly assume that this is entirely opening paper.?
The customer paid .30 through an intermarket sweep meaning he or she was lifting offers in order to get as many of these calls as possible.
This trade is aggressively bullish SYF.? The trader is looking for a move higher above $28.30 in SYF by next Friday.? Likely the trader is looking for a stronger move than that.?
This stock has already had earrings and has been pretty flat for a few weeks.
This is super bullish volatility and the underlying.
