Shares of Fortinet Inc. (FTNT) are up .29 to 24.34 today. ?FTNT is in the upper end of the 52 week range.
Today paper traded 21584 FTNT Jul 24 calls for .45.? The ADV is 2101 contracts. The OI is 23692 contracts.
The volume went up in 1 block marked buy-write.? This trade is most likely unwinding of an existing buy write .23 over parity with the trade performing well.? The client is unwinding the buy write total instead of rolling which means they might think the run or sideways movement is done.
30-day implied volatility is 46%.?? 10-day implied volatility is 26%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Fortinet, Inc. (Fortinet) provides network security solutions. Through the Company?s products and subscription services, Fortinet provides integrated and protection against security threats for enterprises, service providers and governmental entities worldwide.