Whales with a lot of money to spend have taken a noticeably bullish stance on Synchrony Finl.
Looking at options history for Synchrony Finl SYF we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 72% of the investors opened trades with bullish expectations and 27% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $148,740 and 8, calls, for a total amount of $1,572,776.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $50.0 for Synchrony Finl over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Synchrony Finl's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Synchrony Finl's substantial trades, within a strike price spectrum from $45.0 to $50.0 over the preceding 30 days.
Synchrony Finl Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SYF | CALL | TRADE | BULLISH | 05/17/24 | $0.5 | $0.45 | $0.5 | $47.00 | $597.5K | 3.7K | 5.7K |
| SYF | CALL | TRADE | BULLISH | 05/17/24 | $0.85 | $0.8 | $0.85 | $46.00 | $276.2K | 10.0K | 3.7K |
| SYF | CALL | TRADE | BULLISH | 05/17/24 | $0.45 | $0.35 | $0.45 | $47.00 | $249.9K | 3.7K | 0 |
| SYF | CALL | SWEEP | BULLISH | 06/21/24 | $2.0 | $1.85 | $2.0 | $46.00 | $147.4K | 6 | 703 |
| SYF | CALL | SWEEP | BULLISH | 06/21/24 | $1.95 | $1.9 | $1.95 | $46.00 | $119.0K | 6 | 703 |
About Synchrony Finl
Synchrony Financial, originally a spinoff of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).
Having examined the options trading patterns of Synchrony Finl, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Synchrony Finl
- Trading volume stands at 3,833,981, with SYF's price up by 1.07%, positioned at $46.1.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 68 days.
Professional Analyst Ratings for Synchrony Finl
In the last month, 5 experts released ratings on this stock with an average target price of $45.4.
- An analyst from BMO Capital persists with their Market Perform rating on Synchrony Finl, maintaining a target price of $41.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Synchrony Finl, targeting a price of $51.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Synchrony Finl with a target price of $46.
- An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Synchrony Finl, which currently sits at a price target of $45.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Synchrony Finl with a target price of $44.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Synchrony Finl options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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