Ally Financial put volume heavy and directionally bearish

Bearish flow noted in Ally Financial (ALLY) with 1,803 puts trading, or 3x expected. Most active are 4/11 weekly 37.5 puts and Jan-26 42 calls, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.70, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 17th.