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Infosys May Swing More Than 6% After This Week’s Earnings: Chart

Don’t expct a dull earnings day from Infosys. 

Infosys May Swing More Than 6% After This Week’s Earnings: Chart
Vishal Sikka, chief executive officer of Infosys Ltd., speaks during the Oracle OpenWorld 2016 conference in San Francisco (Photographer: David Paul Morris/Bloomberg)
Infosys May Swing More Than 6% After This Week’s Earnings: Chart

(Bloomberg) -- It’s rarely a dull day when Infosys Ltd. reports results. Options trading indicates that the earnings release on Friday may cause shares of India’s second-biggest software exporter to jump or slump by as much as 5.6 percent. Since October 2015, all price moves wider than 3 standard deviations occurred immediately after the company posted results, writes Kannan Singaravelu, a Bloomberg derivatives specialist.

To contact the reporter on this story: Ravil Shirodkar in Mumbai at rshirodkar@bloomberg.net. To contact the editors responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net.