Options Brief: Synovus Financial

Shares of Synovus Financial SNV are lower on the session by 4.55%, trading at $1.26. Overall put volume is now running at 7.43x the daily average, with 65% of all puts traded being purchases on the offer. 1,947 contracts have traded on the session so far. Synovus Financial Corp. is a financial services company and a registered bank holding company. The company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through 30 locally branded banking divisions of its wholly owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.