Bearish flow noted in Fortinet with 2,087 puts trading, or 1.5x expected. Most active are Oct-24 55 puts and Jul-24 55 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.83, while ATM IV is up over 2 points on the day. Earnings are expected on August 1st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTNT:
- DA Davidson technology analysts to hold an analyst/industry conference call
- Fortinet Annual Skills Gap Report Reveals Growing Connection Between Cybersecurity Breaches and Skills Shortages
- Fortinet Report: Threat Actors Are Increasingly Targeting OT Organizations
- Fortinet put volume heavy and directionally bearish
- Fortinet to acquire Lacework, terms not disclosed