Bearish flow noted in Fortinet with 4,759 puts trading, or 5x expected. Most active are 6/14 weekly 59 puts and 6/14 weekly 60 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 6.47, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.
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