Fortinet put volume heavy and directionally bearish
The Fly

Fortinet put volume heavy and directionally bearish

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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