Shares of the Genpact Limited (G) are up .15 to 17.33.? G is in the middle of the 52 week range.

Today paper traded 1250 G Apr 17.5 puts for .65-.75.? The ADV is 394 contracts.? The OI is 103 and contracts.

The volume went in several scattered blocks on two exchanges.? The trade looks like aggressive put buying into a .40 wide market at the time.? The transaction time was less than 1 minute as paper lifted the offer.? This is an opening put transaction looking for a big move in a low volatility stock. G just made a sharp recovery after poor earnings and this trade could be to lock in short term gains and hold the underlying.

30-day implied volatility is 17%.?? 10-day implied volatility is 14%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

Genpact Limited (Genpact) is engaged in business process management and information technology services, leveraging the power of processes, analytics and technology to help its clients drive intelligence across their enterprises.