Notable Put Options Activity in Synovus Financial
Shares of Synovus Financial (NYSE: SNV) are higher on the session by 1.31%, currently trading at $1.55. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $2.00 put, which has traded 1,070 times on open interest of 3,534 contracts.
Put volume is outpacing call volume by 100 to 1.
Synovus Financial Corp. is a financial services company and a registered bank holding company.
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