Infosys Bullish Option Bets Jump Toward Year High After Results
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The number of bullish option bets in Infosys Ltd. jumped to the highest level in almost a year after the software company’s quarterly earnings report, even as its shares retreated from a record high.
Outstanding call options jumped to 55,175 contracts, according to data available as of 4:42 p.m. in Mumbai, from 43,224 on Friday, in a signal traders were disregarding Infosys’s reduced sales growth forecast in U.S. dollar terms. The open interest in call options is the highest since Oct. 2014, data compiled by Bloomberg show. Put options fell to 21,626 contracts from 23,752.