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Ally Financial put volume heavy and directionally bearish

Bearish flow noted in Ally Financial with 3,515 puts trading, or 1.0x expected. Most active are Jun-24 30 puts and Jun-24 34 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.11, while ATM IV is up over 1 point on the day. Earnings are expected on April 17th.

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