Bearish flow noted in Fidelity National Information Services with 6,077 puts trading, or 7x expected. Most active are May-23 55 puts and Apr-23 50 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 5.95, while ATM IV is up over 5 points on the day. Earnings are expected on May 2nd.
Published first on TheFly
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