Bearish flow noted in Fortinet (FTNT) with 4,691 puts trading, or 4x expected. Most active are 6/6 weekly 103 puts and Jun-25 94 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 3.96, while ATM IV is up over 1 point on the day. Earnings are expected on August 11th.
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