Bearish flow noted in Fortinet with 4,993 puts trading, or 6x expected. Most active are 7/14 weekly 74.5 puts and 7/14 weekly 77 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.96, while ATM IV is up over 1 point on the day. Earnings are expected on August 3rd.
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