Bearish flow noted in Fidelity National Information Services with 4,206 puts trading, or 2x expected. Most active are May-23 55 puts and Jul-23 65 calls, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 4.56, while ATM IV is up over 2 points on the day. Earnings are expected on April 27th.
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Published first on TheFly
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