This Is What Whales Are Betting On Ally Financial

Benzinga's options scanner just detected over 11 options trades for Ally Financial ALLY summing a total amount of $714,375.

At the same time, our algo caught 3 for a total amount of 155,716.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $26.0 to $31.0 for Ally Financial over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Ally Financial's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Ally Financial's whale trades within a strike price range from $26.0 to $31.0 in the last 30 days.

Ally Financial Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Ally Financial Standing Right Now?

• With a volume of 3,207,265, the price of ALLY is up 1.66% at $25.43.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 39 days.

What The Experts Say On Ally Financial:

• Morgan Stanley downgraded its action to Underweight with a price target of $19

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Ally Financial, Benzinga Pro gives you real-time options trades alerts.