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Synchrony stock slips after Q4 beat, sees delinquencies rising in '23 (NYSE:SYF)
What is your opinion on Synchrony Financial (SYF)?
2022-11-16 Wrinkle-brain Plays (Mathematically derived options plays)
SYF 5/20 38$c has some love . Decent OI, low IV not sure if it’ll be as hot as PPL Came on screener today.
Mentions
Yup, that was the time to buy small co's like BFH, SYF and stuff like DFS and COF. Right now nobody seems to care about it... At least until they do it again.
Basically my mindset. Wanted to get some boring to move some profits into that is just a strong company. Decent valuation on them and I'd imagine good holiday quarter should boost it next year. SYF and REVG were two others I was looking into.
Got of my DRS position. Have too many defense names. Was also looking at SYF and REGV.
ASML - puts CFG - puts FHN - calls PLD - calls SYF - calls
Good day to be an American Fintech Bol. HOOD SYF SOFI
HOOD SOFI Bond ETFs REG SYF
Still Bolish on HOOD and SOFI. Like SYF too.
Still bolish on Fintech. Buy the dip. HOOD SYF SOFI
Buy the HOOD SYF and SOFI dip.
Theta Day? HOOD +.74% SYF =.42% SOFI +1.93% Skill issue
Poor SYF. No account there.....yet.
How you doing SYF? Oh feeling a little down? It's okay love.
American Fintech won't be stopped. HOOD SYF SOFI
HOOD --> $125 SOFI --> $25 SYF ---> $100 Get the fuck in. Fuck these bers. American Fintech always wins. Hit'em with the V
CNBC SYF mention. Bolish bitches
American Fintech HOOD SYF SOFI wrecking bers
American Fintech up about 8% today. HOOD SOFI SYF
American Fintech HOOD SOFI SYF killing it
$SYF looks like an easy short. Lot of 8/15 67.5p volume today
StratPilot AI Suggests: SYF, MP Materials, and BBY for hedge listing. It suggested a specific trade for SYF: Buy July 18 67.5/70 Put Spread, and roll exposure weekly/bi weekly. Specific Trade Analysis here: https://stratpilotai.com/trade/3VJN5ukR3l “Why These Fit Your Hedge Profile: BBY (Best Buy) is a classic consumer discretionary stock with midcap size, likely to be hit in economic slowdowns as consumers cut back on non-essential spending. MP Materials has high volatility typical of midcaps in materials, which often leads market corrections. Synchrony Financial (SYF) is a financial firm tied to consumer credit, which is cyclical and sensitive to economic downturns, with leverage making it vulnerable in corrections. Additional Notes: These stocks have shown recent trading activity and interest, indicating liquidity for options trading. High beta exposure can be confirmed by checking their beta vs. S&P 500, which for BBY and SYF is typically above 1.2-1.5. Debt loads: SYF is a leveraged financial company, BBY carries some debt typical for retail, and MP Materials is capital intensive. Overbought condition: Use technical indicators like RSI > 70 on these stocks to time entry for hedges.”
I generally buy 4-12 month out, \~10% OTM Puts that are usually only paying out in 10% or greater fall. I find the drag cost is minimal this way and gives alot more protection in the major drops that I am actually worried about. For example I bought 6/20 $550 SPY puts in February for $9 bc I was nervous. They peaked at $65 and I sold portions all over the place with average in low $40s(so 4x my money). I made the biggest killing in SYF and STLA puts that took my average up to 5x initial capital. My client base is a pretty major market swath and seems to give me decent indicators. So far its worked out really, really well. To be honest surprised by how negative/derogatory/condescending so many people have been. I was more hoping to get different ideas on the same overall concept. So far its been what feels like a portfolio-measuring contest
Do they pay at billing? My gf works in emergency vet med and all insurances I'm aware of require up front payment by the owner with a reimbursement to follow from the insurance carrier. Alternatively a customer can apply for Care Credit offered by Synchrony Financial (SYF) which carries a borderline criminal 32.99% interest. They've been sued in the state of NY for usury due to this interest rate. If you have a pet insurance carrier that does not require an owner to engage in a 32.99% loan then I'm interested. If not it's a big grey bite of shit sandwich.
Largely priced in, been following the CFPB lawsuits for years now and despite lacking oversight everyone expected this to happen. The run-up was mostly last year, but the outlook in the companies I held is mostly worse although there's less risk which is why I sold. SYF, BFH, COF.
I'm loading up on more BROS, IBKR, SYF, SNAP calls tomorrow 
SYF, IBKR, BROS, WM calls this week
GEV, META, MSFT, SYF weekly calls just made me bank today
Been holding SMR and RKLB for over 2yrs now I think. had some SOUN at 1.90 sold out around 5.50 after it hit 7. Bought back in at 4.70 . SYF has done nicely. Got lucky on IONQ around 9, UMAC at 3.09 bought in 1 week before the latest news. Hoping BFLY and RGIT light up. Lost relatively good chunks on MULN, FSKR, and hopefully not GP if it can turn that bus around.
Just found NU a few days ago, bought in for 100 shares. Runway is long on this one. SYF has been very good for me as well.
I sold SYF after 18% jump today. Might have been a mistake but I dunno. Company is good but feel like it will be available below today's price. Meanwhile POWL keeps going insane. And SKYW too. I told all the Spirit Airlines nerds to buy SKYW instead hope someone did.
"P/E ratio is lower than Visa and Mastercard" It's going to be consistently lower because it's a different business model with more risk. American Express is an excellent company, but it does extend credit which V/MA do not and so it does well when times are good but the moment when it seems like times might be starting to head South, people are going to start to worry about credit risk. People are going to worry more about credit risk at peers DFS/COF/SYF given the nature of AXP and its customer base, but credit risk is a worry for card companies that extend credit to people whereas V/MA do not - they are networks and the issuing bank (JPM, whoever) is the one extending the credit. "Yet, when I look at analysts stock objective" Don't rely on analysts. "do you guys believe AXP still has room to go higher ?" It's a good company, but I have no idea what the stock does in the short-term. IMO, every time someone invests in something they should have a thesis as to why. Inevitably the market is going to go through bumpier periods and having that thesis to go on makes holding something through difficult periods in the market easier and allows one to have an opinion on whether a decline is a good time to add. A lot of stuff that's bought solely because someone heard/read about it gets dumped when the market gets difficult and that often ends up as opportunities for other people.
Yeah. But honestly I've done nothing but win with the real investments. I only lost a little money with the silly penny stocks I dipped my toes in with. I started in 2019. When I started I went with the advice "invest in what you believe in, things you know and understand, things you buy or use constantly in life" I work in IT so I went with AMD, WDC, AVGO, HPE, LOGI I owed money to SYF on 3 different credit cards (They had good 0% interest promotions) On a whim I looked to my wife and daughters. They were always buying and going on about ELF and CTRN Every single one of those have been good long time holds for me with the exception of CTRN. It went parabolic from $12 to $100ish I went ahead and bailed at 90$. Looking back at it...a lot of it was luck lol. AMD the big one. I've always been a AMD fanboy. I got on that in the $25-30$ range. Yeah i only had 15 shares but it has been a great ride with AMD. Everything kinda dumped out during the pandemic but I just kept buying on the advice "When there is blood in the streets" and that worked out well for me.
Well who want to borrow on credit cards when there charging 35% interest that non will ever pay back. Synchrony (SYF) is looking like a poster child for credit card default by October or so.
I don't recommend my method but I just buy companies I feel a connection to and feel like they have long term staying power or growth potential. Like I already buy their products OR my family buys their products. Hasn't failed me yet lol. I'm pretty sure I'm just lucky as all hell. AMD fanboy and always have been My wife buys nothing but ELF products AVGO is all I buy raid and HBA controllers from SYF my wife charges hard to that amazon credit card and I had their Newegg card for a really long time. All of then have been major winners for me.
Synchrony Financial (SYF). They’re my third-largest holding after NVDA and MSFT. They do regular banking stuff, and they’re also the back end for many store credit cards: Lowe’s, CareCredit, even PayPal Credit.
SYF has done well. it’s the best of the kind for sure.
Synchrony Financial (SYF). They do the usual banking stuff, but you’ve probably also seen them indirectly as the back end of various store credit cards. They handle CareCredit, Lowe’s credit cards, even PayPal Credit.
Continue to watch my $17 strike 14 June exp puts on Novavax trash print $$$ Acquire more puts on BFH, UPST, OMF, AFRM, SYF with strikes down 20-30% from current share prices, exp 20 SEP. Take advantage of the fire sale while they attempt to cover up their absolutely terrible numbers and with bi big bank names to protect them. They are definitely high on the list of 63 institutions prepped for collapse mentioned in recent articles. Don't say I didn't try and help you make money of those shit-bank bastards and stop you from being cucked by a third rate banker bro who your wife will have you running to buy take out food for, while they sit on your couch watching Friends reruns and thinking it's actually funny, while he fingerblasts her and she talks about her fantasy of seeing a bank peg you, but since banks don't have dicks, her banker boyfriend will need to be the stunt cock. Yep, that whole thing is one stupid sentence. Punctuation be damned. Good luck 'tards
15 puts on BFH (bread financial holdings) 20 SEP exp, $27.50 strike 15 puts on SYF (Synchrony Financial) 20 SEP exp, $33 and $31 strikes Garbage lenders with shit numbers in an environment where people are all missing their Walmart, best buy, and target credit card payments towards their 28% interest rates.
Synchrony Financial (SYF) stands to lose the most on the ruling.
TLDR. See my comment below....Prolly: SYF, AFRM, OMF, UPST, or BFH.
Not posting a ticker is bs, pal. But, fwiw, i've been watching the sector grow horns for awhile, and while most of the top 25 regionals are well capitalized and won't see a significant loss of revenue with the reduction in late fees ( cuz, their card holders pay on time, duh), the subprime credit providers who WILL suffer include: SYF, AFRM, OMF, UPST and BFH. Full disclosure ( unlike you), I have Sept puts on all of these companies.
ITOT. That and EFA are the backbone of my 401k. Among individual companies: NVDA, MSFT, and SYF^(1). I started NVDA smaller than the other two but it’s grown just that quickly. I got in because I figured crypto farming would be good for their business, but then AI became the new hot thing. MSFT and SYF were meant to provide stability, but they’ve done really well too. ^(1) Synchrony Financial. They do conventional banking and also they’re the people behind a lot of “no interest for 12 months” financing plans.
Long Puts on any of the folllwing: OMF, SYF, BFH and (before today) UPST.
For those who attended my recession Ted Talk on the 🅱️eekend thread, here is the list of most exposed to sub-prime. Note that delinquency rates improved for the group in April, mostly due to tax refunds, but the downward spiral in credit quality should continue unabated in 2H. OMF, SYF, UPST, BFH Not including COF, because they'll likely weather better than these four losers.
anyone else notice the dump in investment oriented financial services companies this week? AMP, Invesco, MCSI all dumped after ER, all happened to deal with personal wealth management and/or investment SYF and Fiserv rose but SYF deals with consumer credit products and Fiserv does fintech for corporations
I don't know bout specific for 2024, but im sticking with what I already have and has been good to me since 2020 SYF, AVGO, LIT, WTRG
I'm betting on SYF to report better then expected results tomorrow morning.
SYF - until amazon goes with another company.
Never have wanted to own it but would really not want to own SYF if this gets worse.
JPM and WFC earnings talk, ATVI arb, and GLW SYF and DIS news shop talk ​ [https://youtu.be/yaNk182u6jw](https://youtu.be/yaNk182u6jw)
How much does Book value play a role in decision making? From my understanding of the definition, seems like book value should be the bottom price a stock should ever trade at, and if the current price is under book then it should be a sure buy. But i've read that book can be manipulated by the way values are reported, which means it shouldn't be used to judge bank stocks. BAC, USB, SYF, FITB are fairly close to book right now while C is roughly Half of book. I would think Book would be a good indicator for manufacturing because of the physical assets. Is there a reason(s) price would be trading below book that i should look for? Even GME and BBBY going down still rebound to Book as they were failing.
One way you could go is to add MA, AXP, and SYF to your portfolio. These three will complement your existing holding in V.
yea. when i saw this tweet I was abhorred. absolute idiotic tweet meant to go viral from mob mentality. why wouldn't you sell FRC after it drops $140-->$120-->$110-->$105-->$40-->$70-->$40-->$18-->$40-->$12--->$16--->$6--->$3--->delisted DOESNT TAKE A F\*\*\* GENIUS TO SELL DURING THE HUGE 80% DROP FROM $140. WDYM REGARD "SOLD FRC AVOIDING A FURTHER 80% DROP" (implying they should have held another -80% from $40--->$0) thank u for being sane because JPM was also a great idea. Along with PNC, SYF.
Yes and I bought the dip in bank stocks then. SYF and CADE
Credit card companies being neglected here. SYF, COF, DFS. All get rich off innumeracy and predictably poor impulse control.
Look at SYF. They are on the hook for retail financing like Amazon, Lowe’s, Walmart. So as spending goes down they are crunched and if delinquencies increase at the same time it is an even bigger threat.
Yes! If you’re looking for a short, look into SYF. Bank issues credit on behalf of retailers.
Americans are behind on car payments at largest rate since 2009 which is causing repossessions to increase, according to Bloomberg (48.05 +0.09) Bloomberg (potential related stocks: ALLY, SYF, F, GM, STLA, TM, HMC, VWAGY, TSLA)
***Green:*** * IAA - IAA, Inc. * PLRX - Pliant Therapeutics, Inc. * AQUA - Evoqua Water Technologies Corp. * W - Wayfair Inc. * AMZN - [Amazon.com](https://Amazon.com), Inc. * MSFT - Microsoft Corporation * CRM - Salesforce, Inc. * SYF - Synchrony Financial * F - Ford Motor Company * NVDA - NVIDIA Corporation * QCOM - QUALCOMM Incorporated * SPOT - Spotify Technology S.A.
Buy SYF BOA JPM WFC and any other large credit card issuer. They can cover the losses, thanks CCAR
How much of SYF is store credit cards? If you look between the IPO and end of 2019 pre-covid, the stock didn't do all that fantastic when times were good. Bounced after covid and now back in the range where it spent most of 2015-2019. If we have a more significant recession, it's going lower. TLDR: it hasn't done that great when things were good and it's not where I'd want to be when the economy isn't.
Cheap consumer stocks, on moderate soft landing thesis. SYF and COF dirt cheap and the way they do their accounting they already
Cheap consumer stocks, on moderate soft landing thesis. SYF and COF dirt cheap and the way they do their accounting they already have GAAP losses for expected losses under CECL. Trough multiple on trough earnings. Avoid AFRM though, BNPL isn’t a thing. Short TSLA obviously.
|Tckers of interest|| :--|:--| |\ \*\*SYF\*\*\*\*Float used: 134%\*\*\*\*FCF yield: 1.74%\*\*\*\*Exp. Cash: 6B\*\*\*\*Thesis based on factors: Near value\*\*\*\*Play: Long 12/16/22 36c @ .50\*\*|| |\*\*ANET\*\*\*\*Float used: -81%\*\*\*\*FCF yield: 16%\*\*\*\*Exp. cash: 10B\*\*\*\*Thesis based on factors: Close to value\*\*\*\*Play: Long 12/16/22 14c @ .80\*\*|| |\*\*AAL\*\*\*\*Float used: 64%\*\*\*\*FCF yield: -2.8%\*\*\*\*Exp. Cash:963M\*\*\*\*Thesis based on factors: Close to value\*\*\*\*Play: Long 12/16 15C @.17\*\*\ || |\*\*NVDA\*\*\*\*Float used: -66%\*\*\*\*FCF yield: 21%\*\*\*\*Exp. Cash: 49B\*\*\*\*Thesis based on factors: Overvalued\*\*\*\*Play: Short 12/16 145P @ .40\*\*\ || |\*\*FNKO\*\*\*\*Float used: -160%\*\*\*\*FCF yield: 5.4%\*\*\*\*Ex. Cash: 66M\*\*\*\*Thesis based on factors: Close to value\*\*\*\*Play: Short 12/16 10P @ .25\*\*\ || |\*\*ATVI\*\*\*\*Float used: 100%\*\*\*\*FCF yield: 27%\*\*\*\*Expect. Cash: 11B\*\*\*\*Thesis based on factors: Slightly under value\*\*\*\*Play: Long 12/16 78C @ 1.08\*\*|| |\*\*DWAC\*\*\*\*Float used: -18%\*\*\*\*FCF yield: -.04%\*\*\*\*Exp Cash: -11M\*\*\*\*Thesis based on factors: Overvalued\*\*\*\*Play: Short 1/20/23 15P @ .74\*\*\ \*\*Trading Thesis : Tracking the float along with daily volume along with company financials helps to narrow down moving tickers\*\*Fundamental and technical analysis is often used to find growth tickers and information about them. Fundamental analysis looks to see whether an investment is overvalued or undervalued based on underlying economic conditions, as well as the finances of the company or other organization that issued a stock or bond. Technical analysis instead looks at patterns in the price of an investment to predict future movements in that investment’s price.\*I look for tickers that are trading at least 2 million in volume a day, with a Market-cap of no less that 500 million.\*\*The shares traded are compared to the average volume to determine how much of the float is used ( Or shares traded). That information is compiled with data on how profitable the company is and how much cash do they have compared to what is expected.\*\*\*Things to consider when finding the plays-\*\*If the stock volume has traded 1 million or more in volume premarket, I will use that and calculate a rough estimate on what the stock will trade for the day.If the ticker looks to be trading more volume than the day before, I would consider it for a long play. If trading less than the movement of the ticker, I would consider a short or put play. ( If all the other factors previously mentioned checks out. )The trades are researched afternoon daily To find possible tickers making a big move.||
It has worked for me. SYF, AVGO, LIT. But I'm pretty sure it was 98% luck.
# Tickers of Interest - TL;DR **Gamma Max Cross** * [BTU](https://options.hardyrekshin.com/#BTU) 12/16 28P for $2.05 or less * [WYNN](https://options.hardyrekshin.com/#WYNN) 12/16 77.5P for $4.10 or less * [UMC](https://options.hardyrekshin.com/#UMC) 12/16 7.5P for $0.30 or less * [SHEL](https://options.hardyrekshin.com/#SHEL) 12/16 55P for $1.25 or less * [XME](https://options.hardyrekshin.com/#XME) 12/16 52P for $2.20 or less **Delta Neutral Cross** * [EEM](https://options.hardyrekshin.com/#EEM) 12/16 38P for $0.85 or less * [UBER](https://options.hardyrekshin.com/#UBER) 12/16 30P for $1.25 or less * [CMCSA](https://options.hardyrekshin.com/#CMCSA) 12/16 32.5P for $0.65 or less * [UNH](https://options.hardyrekshin.com/#UNH) 12/16 510C for $10.75 or less * [SYF](https://options.hardyrekshin.com/#SYF) 12/16 35P for $1.05 or less # Trading Thesis - Why These Crayons Taste Better Technical analysis and indicator based trading tend to use past price performance in order to predict important price levels today. This analysis is based on the current option open interest. With that option open interest, it calculates portfolio-level greeks--notably Delta and Gamma. More importantly, once the portfolio level greeks are established, I can now simulate the change in greeks at different price points. From there, I can find the price levels where portfolio-level gamma is the highest, and the portfolio-level delta is close to 0. For some tickers, the underlying price reacts strongly off of delta neutral, gamma max, and sometimes both. It's the reaction off of these price levels in the past that is being used to drive trading signals. The plays and target entry prices given are calculated using a binomial option pricing model that reflect the expected size and duration of the reaction from gamma max or delta neutral. A lot of these plays are profitable by underlying moves in stock. The best plays benefit from the directional move as well as the increase in IV. # Notes - Something to give you a new wrinkle * If the price has moved past the entry price, exercise caution. Something changed between the time these plays were generated and market open. * Look to sell half your position on a double, and freeroll the rest to exit at your discretion. * I tend to risk up to 1% of my total capital on any trades I take. If my conviction is lower, I'll only allocate 0.5% or even 0.25% of my capital to the trade, and dollar cost average in. * The trades were calculated before market open, and so are based on information up to yesterday. Keep that in mind when deciding to enter well after the fact. # FAQ - Because others have already asked. * These plays are mostly puts. Are you a gay bear? * No. It so happens that the companies have had some recent run-up which implies they are overextended. These trades are primarily some form of mean-reversion either toward or away from an important price level. * Are you entering all these plays? * No. There have been a dearth of plays in the WSB morning talks, and so I opened up my bag of tools slightly wider to point out more plays with a probable edge to help lead apes to more gain porn. Go through this curated list of plays, pick the ones you like based on whatever additional analysis you use, and get that gain porn. * You mentioned a new play on the same ticker in the past. What does that mean? * The new play should replace the old play. The old play is likely now invalid and if you haven't entered in, don't chase the price. Remember that a new day's worth of data has been produced and the newer play reflects that data, the older play does not. * Where are the crayons? I only see words. * Click the links above. * Have you back-tested this? * Yes. Results show a moderate Sharpe Ratio (1.7), with an expected win rate of 63% of trades (7% margin of error) * What is the historical performance? * The realized Sharpe Ratio is 1.85 with a 67% win rate. Based on the trade performance so far, there is a 95% chance the expected win rate will be between 49% and 72%. (Stats as of 2022-10-28)
If you like bread financial, SYF Synchrony Finance is in the same business model.
So far this week - of the 8 who have posted earnings - from the 15 I offered - Caty = beat Agnc = beat Bsrr......missed by a penny. Ugh SYF = beat ADM = beat IBCP = beat URI = Beat MUSA = Beat EQNR - (not posting earnings till friday now - not sure why that changed)
SYF = beat ADM = beat IBCP = beat 5 out of 6 beats this week so far
I was long NKE earlier in the week then I saw 10k volume open up on 80P for the 21, followed that trade. Also opened SYF 28P Nov 18 after seeing 2.8M in volume there. Holding through their earnings on Oct 25. Bring the blood.
What do you got leaps on? I got SYF, BCS, and ET
$SYF supports eBay, which $PYPL is eBay's partner 🤷♂️. $SYF is also Lowes & Amazon.
TMUS Puts. TTT Calls. OXY Puts, but with the contingent we see oil having catalysts that would signify slowing down. Go long and average down on TWLO, WBD, SYF, ALLY, BIPC, and a few others. If SOMEONE can make money inversing my stupid ass, please make it lol
Credit Card Plays. ALLY, SYF, COF, DFS, AXP 
Anyone like SYF? The stock is set to report earnings before the bell next Monday, July 18th. Analysts are looking for $1.48 EPS for the quarter. There is a positive EPS heading into the print. Last quarter’s report came in 13% better-than-expected. under 50 and 200 ma and breaking 25 ma. I don't know. Any thoughts?
SYF making a shit ton of 0% loans for everything from shitty furniture to home improvement work.
Think I may add some SYF calls
I'd recommend onion futures but I don't want you going back to jail anytime soon. ​ On a real question - are you looking into any companies with high exposure to consumer credit / BNPL? Rock bottom CET1 ideal. I've been looking at SYF personally. I don't see how consumer credit lending doesn't implode here as more credit card debt than ever before + increase in lending rates is going to cause bankruptcies to skyrocket. So the counterparty risk for these institutions doing the lending seems insane, but maybe that's just me.
I’m playing SYF and FDX puts. Got them yesterday for a discount during that bull trap. 
I’m playing SYF and FDX puts. Got them yesterday for a discount during that bull trap. 
@loose what was ur play on $SYF
What happened to the SYF guy? From 6/6?
Didn’t we say we would have someone talk about SYF today?
Anyone get in SYF from yesterdays talk?
Fine actually. I got leaps on SYF, BCS, and ET.
yeah I got their VZ credit card and a few other ones with SYF. How low do you think she is going?
OH MY GOD I'VE GOT IT!! Buy Puts on Synchrony Financial (SYF) ASAP. They do the credit cards for Best Buy, Amazon, and most other big box retail credit cards.