Infosys put volume heavy and directionally bearish

Bearish flow noted in Infosys with 4,669 puts trading, or 15x expected. Most active are Aug-24 22 puts and Sep-24 23 calls, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 20.30, while ATM IV is up over 2 points on the day. Earnings are expected on October 10th.