Bearish flow noted in Fortinet with 4,267 puts trading, or 3x expected. Most active are Nov-22 50 puts and Nov-22 55 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.69, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 2nd.
Published first on TheFly
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