Fidelity National Information Services put volume heavy and directionally bearish

Bearish flow noted in Fidelity National Information Services with 1,269 puts trading, or 1.9x expected. Most active are Jul-25 82.5 puts and Jul-25 77.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 27.00, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 6th.