Bearish flow noted in Fortinet with 3,217 puts trading, or 3x expected. Most active are 1/12 weekly 62 puts and 1/12 weekly 61 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 2.56, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 6th.
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