Bearish flow noted in Fortinet (FTNT) with 6,687 puts trading, or 2x expected. Most active are Apr-25 82.5 puts and May-25 100 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 3.90, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 8th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTNT:
- Alphabet Stock (GOOGL) Gets Upbeat Analyst Reviews on Google-Wiz Deal
- Fortinet assumed with an Overweight at Morgan Stanley
- Federal Communication Commission to create national security council, FT says
- Fortinet expands OT Security Platform
- Home Depot upgraded, Flywire downgraded: Wall Street’s top analyst calls