Fortinet put volume heavy and directionally bearish

Bearish flow noted in Fortinet with 3,984 puts trading, or 1.5x expected. Most active are Oct-23 58 puts and Nov-23 60 calls, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.80, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 2nd.

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