Bearish flow noted in Fidelity National Information Services with 2,731 puts trading, or 2x expected. Most active are May-23 50 puts and May-23 60 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 2.57, while ATM IV is up over 1 point on the day. Earnings are expected on April 27th.
Published first on TheFly
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