Bearish flow noted in Fortinet (FTNT) with 9,724 puts trading, or 2x expected. Most active are Apr-26 75 puts and Mar-26 65 puts, with total volume in those strikes near 6,800 contracts. The Put/Call Ratio is 3.05, while ATM IV is up over 4 points on the day. Earnings are expected on May 7th.
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