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Infosys put volume heavy and directionally bearish

Bearish flow noted in Infosys (INFY) with 29,064 puts trading, or 7x expected. Most active are Mar-26 18 puts and Jan-26 18 puts, with total volume in those strikes near 24,400 contracts. The Put/Call Ratio is 18.91, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 14th.

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