Bearish flow noted in Fortinet (FTNT) with 5,639 puts trading, or 3x expected. Most active are Apr-25 75 puts and Apr-25 90 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 7 points on the day. Earnings are expected on May 7th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTNT:
- Fortinet price target lowered to $110 from $115 at RBC Capital
- Fortinet’s Strong Market Position and Growth Potential Justify Buy Rating Despite Market Pressures
- Fortinet expands FortiAI across Security Fabric Platform
- Ulta upgraded, Kroger downgraded: Wall Street’s top analyst calls
- Fortinet initiated with an Equal Weight at Stephens