Fortinet put volume heavy and directionally bearish

Bearish flow noted in Fortinet with 19,589 puts trading, or 5x expected. Most active are 9/13 weekly 75 puts and 9/13 weekly 73.5 puts, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 4.40, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 31st.