Fortinet put volume heavy and directionally bearish
The Fly

Fortinet put volume heavy and directionally bearish

Bearish flow noted in Fortinet with 19,589 puts trading, or 5x expected. Most active are 9/13 weekly 75 puts and 9/13 weekly 73.5 puts, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 4.40, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 31st.

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