As Synovus Financial Corp (SNV, Financial) approaches its earnings announcement, the options market is experiencing typical volume levels, with a slight preference for put options over calls at a ratio of 9:7.
Current implied volatility suggests that traders are expecting the stock to move approximately 3.2%, equating to a price shift of around $1.28, following the earnings report. Historically, the median movement for Synovus over the last eight quarters has been somewhat higher, at 4.6%.
