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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 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.

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