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.
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