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Ally Financial put volume heavy and directionally bearish

Bearish flow noted in Ally Financial (ALLY) with 1,509 puts trading, or 1.6x expected. Most active are Sep-25 31 puts and May-25 39 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.61, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 17th.

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