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Fortinet call volume above normal and directionally bullish

Bullish option flow detected in Fortinet (FTNT) with 2,166 calls trading, 1.2x expected, and implied vol increasing over 1 point to 54.53%. Sep-25 145 calls and Jun-25 105 puts are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.48. Earnings are expected on May 7th.

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