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.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FTNT:
- Fortinet Expands Its Global SASE Points-of-Presence with Google Cloud
- Fortinet expands global SASE points-of-presence with Google Cloud
- Fortinet price target lowered to $65 from $68 at Mizuho
- Cybersecurity Stocks Mostly Down after Fortinet (NASDAQ:FTNT) Downgrade
- Fortinet put volume heavy and directionally bearish