Core Viewpoint - Investors should closely monitor Cognizant Technology Solutions Corporation (CTSH) due to significant movements in the options market, particularly the high implied volatility of the Feb. 20, 2026 $60 Call option [1] Company Analysis - Cognizant currently holds a Zacks Rank of 3 (Hold) within the Computers - IT Services industry, which is positioned in the bottom 41% of the Zacks Industry Rank [3] - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, while one has lowered them, resulting in a slight increase in the Zacks Consensus Estimate from $1.33 to $1.35 per share [3] Options Market Insights - The high implied volatility surrounding Cognizant shares indicates that options traders are anticipating a significant price movement, which could suggest an upcoming event that may lead to a substantial rally or sell-off [2][4] - Seasoned options traders often seek out options with high implied volatility to sell premium, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4]