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Ally Financial put volume heavy and directionally bearish

Bearish flow noted in Ally Financial with 4,428 puts trading, or 3x expected. Most active are Jan-25 27 puts and Mar-25 43 calls, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 2.79, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 18th.

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