Pre-earnings options volume in Fortinet is 2.8x normal with calls leading puts 8:7. Implied volatility suggests the market is anticipating a move near 9.5%, or $6.13, after results are released. Median move over the past eight quarters is 11.6%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTNT:
- Is FTNT a Buy, Before Earnings?
- Fortinet Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Security Service Edge
- Fortinet Releases its 2023 Sustainability Report
- Fortinet Wins Two Google Cloud Technology Partner of the Year Awards for Security
- Early notable gainers among liquid option names on April 3rd
