Bearish flow noted in Ally Financial with 4,530 puts trading, or 2x expected. Most active are Oct-23 29 calls and Jun-24 20 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 1.85, while ATM IV is up over 2 points on the day. Earnings are expected on October 19th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ALLY:
- S&P announces changes to S&P 400, 600 indices at open on 9/18
- Nvidia upgraded, Estee Lauder downgraded: Wall Street’s top analyst calls
- Ally Financial downgraded to Peer Perform from Outperform at Wolfe Research
- Bank Stocks Q2 Wrap-Up: Earnings Are Holding Up, But Challenges Persist
- Ally Financial call volume above normal and directionally bullish