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Ally Financial put volume heavy and directionally bearish

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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