Fortinet: Fortinet put volume heavy and directionally bearish

Bearish flow noted in Fortinet ( FTNT ) with 6,687 puts trading, or 2x expected. Most active are Apr-25 82.5 puts and May-25 100 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 3.90, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 8th. Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >>