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 10,450 puts trading, or 2x expected. Most active are Mar-23 21 puts and Apr-23 22 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 13.48, while ATM IV is up nearly 13 points on the day. Earnings are expected on April 19th.

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