Synovus (SNV, news, chart, volatility) financial is seeing double its normal options trading volume on increasing put buying Wednesday. Shares of the Columbus, Georgia regional bank are down $1.00, or 9.2 percent, to $9.90 after Bernstein cut its rating from Outperform to Market Perform. Action in the options market seems to reflect an underlying sense of bearishness as well. 4,200 puts have traded, compared to 177 calls. The November 10 puts are the most actives, with 2,500 traded and more than 70 percent trading offerside. Buying is also being seen in the January 12.5, January 10, and November 12.5 put options.