Bearish flow noted in Fidelity National Information Services with 1,138 puts trading, or 1.3x expected. Most active are May-23 52.5 puts and Jul-23 55 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 10.54, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
Published first on TheFly
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- Fidelity National Information Services put volume heavy and directionally bearish
