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.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FTNT:
- Fortinet price target raised to $60 from $50 at Jefferies
- The security, infrastructure software stocks to own in 2024, according to Piper
- Fortinet price target raised to $60 from $53 at Piper Sandler
- Fortinet price target raised to $63 from $50 at Barclays
- Fortinet to Announce Fourth Quarter and Full Year 2023 Financial Results