Fidelity National Information Services put volume heavy and directionally bearish

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.