- Synchrony Financial (trading $36.41 down $.44 with an IV30 of 26.48 and an HV10 of 24.40) is seeing call action today in the ?teenies.??
- The stock (with an ADV of 7500 and an OI of 205k contracts) has seen a customer buy just under 29,000 of the the March 42 calls paying $.05 on a large block of just under 29,000 on ARCA. ?
- This trade is against 35,900 OI so it appears to be a call overwriter that is closing their positions for a win.
- 60,000 of these calls traded at .20 on January 19th in what was likely the opening trade.? If that is the case it is likely this customer has more to buy for $.05 over the next day or two.? Additionally, we would suspect that there may be a large call sale coming in this name next week.
- This trade should be considered neutral the underlying and volatility.