Ally Financial put volume heavy and directionally bearish

Bearish flow noted in Ally Financial with 38,560 puts trading, or 47x expected. Most active are Oct-24 30 puts and 9/13 weekly 30 puts, with total volume in those strikes near 12,600 contracts. The Put/Call Ratio is 2.43, while ATM IV is up over 13 points on the day. Earnings are expected on October 16th.