Trader bets on Ally to rise
Ally Financial will rally this year if at least one option trader has their way. Data first reported by OptionMonster show the purchase of 2,600 Jan. 2018 22 calls on Friday for $1.25 per share. Previous open interest was 752 contracts, indicating that this is a new position.
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About Ally Financial Inc.
Ally Financial Inc is a diversified financial services firm that services automotive dealers and their retail customers. The company operates as a financial holding company and a bank holding company. Its banking subsidiary, Ally Bank, caters to the direct banking market through Internet, mobile, and mail. The company reports four business segments including Automotive Finance operations, Insurance operations, Mortgage Finance operations and Corporate Finance operations.