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.
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