Bearish flow noted in Infosys with 3,746 puts trading, or 2x expected. Most active are Feb-24 20 puts and Apr-24 22 calls, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 6.68, while ATM IV is up over 1 point on the day. Earnings are expected on April 18th.
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Read More on INFY:
- Unusually active option classes on open January 18th
- Infosys initiated with an Outperform at Exane BNP Paribas
- Infosys price target raised to $18 from $16 at TD Cowen
- Infosys price target raised to $15 from $13 at Susquehanna
- Infosys price target raised to $21 from $18 at BMO Capital
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