Bearish flow noted in Ally Financial with 11,095 puts trading, or 5x expected. Most active are Mar-23 28 puts and Mar-23 26 puts, with total volume in those strikes near 10,000 contracts. The Put/Call Ratio is 36.62, while ATM IV is up over 2 points on the day. Earnings are expected on April 13th.
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Published first on TheFly
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