It confirmed its bull signal by trading still higher. However, the options grid has open interest that is insufficiently wide and deep for use in construction the sort of position on focussing on these days: Short-term trades based on short vertical option spreads that have been sold for credit.
I won't be doing further analysis of SYF today.
-- Tim Bovee, Portland, Oregon, May 8, 2015References
My volatility trading rules can be read here.
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