Bearish flow noted in Ally Financial with 32,755 puts trading, or 1.8x expected. Most active are Apr-23 24 puts and May-23 23 puts, with total volume in those strikes near 24,600 contracts. The Put/Call Ratio is 16.29, while ATM IV is up nearly 5 points on the day. Earnings are expected on April 19th.
Published first on TheFly
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