Insights on Options Trading Activity for Fortinet (FTNT)

Posted on 01/03/2013 by Peter Mankowitz

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NEW YORK (AVAFIN) -- Fortinet options contracts experienced a new 3-month record for both call and put contracts where a total of 13,352 call and 9,729 put contracts were traded in the busy trading session. The contract spread yielded a 0.73 put/call ratio.

Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.

Shares of Fortinet declined $1.86 (8.78%) to $19.33 in today's trading session. The price of FTNT ranged between $19.22 - $21.21. Volume is 7M in relation to the three month average volume of 2M shares. FTNT is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $17.53 and 52 week high is $28.82. Within the last week, the shares have gained 0.33% of their value.



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