Infosys put volume heavy and directionally bearish

Bearish flow noted in Infosys with 3,521 puts trading, or 2x expected. Most active are Aug-24 21 puts and Aug-24 22 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 9.31, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 10th.