Bullish option flow detected in Ally Financial with 21,617 calls trading, 9x expected, and implied vol increasing almost 2 points to 33.77%. Sep-23 34 calls and Dec-23 40 calls are the most active options, with total volume in those strikes near 14,800 contracts. The Put/Call Ratio is 0.35. Earnings are expected on October 19th.
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Read More on ALLY:
- Bank Stocks Q2 Wrap-Up: Earnings Are Holding Up, But Challenges Persist
- Ally Financial price target raised to $32 from $29 at Stephens
- Ally Financial price target raised to $38 from $37 at Citi
- Ally Financial reports Q2 adjusted EPS 96c, consensus 92c
- Unusually active option classes on open July 19th