INFY yesterday marked its best day since July
Options bears are blasting Infosys Ltd (NYSE:INFY) stock, with 23,000 puts traded so far today -- 14 times the intraday average volume -- compared to just 142 calls. The most active contract by far is the June 17 put, where new positions are being opened, followed by the May 18 put.
This denotes a dramatic shift in sentiment. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 50-day call/put volume ratio of 11.25 sits in the 98th percentile of annual readings. This suggests options traders were much more bullish than usual over the last 10 weeks.
INFY was last seen down 4.7% at $16.83 as the broader market resumes its pullback. The equity saw its best day since July in the previous session, however, after a bounce off its lowest level in almost a year. So far in 2025, the stock has shed 24%.
The tech company will share fourth-quarter earnings after the close on Thursday, April 17. The security has a negative history of post-earnings reactions, finishing six of eight next-day sessions lower, including a 5.8% dip in January. The shares averaged a 5.8% move, regardless of direction, but this time the options pits are pricing in a larger-than-usual, 7.8% move.