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Ally Financial put volume heavy and directionally bearish
The Fly

Ally Financial put volume heavy and directionally bearish

Bearish flow noted in Ally Financial with 1,278 puts trading, or 2x expected. Most active are 6/14 weekly 37.5 puts and 6/14 weekly 38.5 puts, with total volume in those strikes near 640 contracts. The Put/Call Ratio is 6.09, while ATM IV is up over 1 point on the day. Earnings are expected on July 17th.

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