Whales with a great deal of cash to invest have actually taken a significantly bearish position on Fortinet
Taking a look at alternatives history for Fortinet FTNT we spotted 13 trades.
If we think about the specifics of each trade, it is precise to state that 30% of the financiers opened trades with bullish expectations and 53% with bearish.
From the total spotted trades, 5 are puts, for an overall quantity of $350,223 and 8, calls, for an overall quantity of $749,987.
Anticipated Cost Motions
After assessing the trading volumes and Open Interest, it appears that the significant market movers are concentrating on a rate band in between $90.0 and $115.0 for Fortinet, covering the last 3 months.
Insights into Volume & & Open Interest
In regards to liquidity and interest, the mean open interest for Fortinet alternatives trades today is 485.77 with an overall volume of 2,351.00.
In the following chart, we have the ability to follow the advancement of volume and open interest of call and put alternatives for Fortinet’s huge cash trades within a strike cost series of $90.0 to $115.0 over the last 1 month.
Fortinet Call and Put Volume: 30-Day Introduction
Greatest Options Identified:
| Sign | PUT/CALL | Trade Type | Belief | Exp. Date | Ask | Quote | Cost | Strike Cost | Overall Trade Cost | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FTNT | CALL | SWEEP | BEARISH | 02/14/25 | $ 5.25 | $ 5.2 | $ 5.2 | $ 105.00 | $ 231.8 K | 260 | 511 |
| FTNT | CALL | SWEEP | BULLISH | 02/07/25 | $ 4.8 | $ 4.7 | $ 4.8 | $ 105.00 | $ 213.9 K | 370 | 496 |
| FTNT | PUT | TRADE | BEARISH | 01/16/26 | $ 8.4 | $ 8.0 | $ 8.35 | $ 90.00 | $ 208.7 K | 321 | 251 |
| FTNT | CALL | SWEEP | BULLISH | 02/07/25 | $ 10.1 | $ 9.9 | $ 10.05 | $ 95.00 | $ 125.6 K | 98 | 125 |
| FTNT | CALL | TRADE | BULLISH | 02/21/25 | $ 9.05 | $ 9.0 | $ 9.05 | $ 97.50 | $ 54.3 K | 917 | 64 |
About Fortinet
Fortinet is a platform-based cybersecurity supplier with item offerings covering network security, cloud security, zero-trust gain access to, and security operations. The company obtains a bulk of its earnings through sales of its memberships and support-based organization. The California-based company has more than 700,000 consumers throughout the world.
Following our analysis of the alternatives activities related to Fortinet, we pivot to a more detailed take a look at the business’s own efficiency.
Fortinet’s Current Market Status
- Presently trading with a volume of 2,468,532, the FTNT’s cost is up by 1.3%, now at $104.12.
- RSI readings recommend the stock is presently might be overbought.
- Prepared for revenues release remains in 1 days.
Unusual Options Activity Detected: Smart Cash on the Move
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