Infosys (INFY) stock has been in a sharp uptrend since late September, but options traders believe a pause is likely after the company’s upcoming earnings event on Oct. 23. Consensus is for the company to record $0.21 in earnings per share (EPS) for its second financial quarter, which would represent a 5% increase from last year.
Despite recent gains, however, Infosys shares remain down about 27% versus the start of this year.
