NEW YORK (AVAFIN) -- Fortinet options set a new 90-day record for the number of call contracts that exchanged
hands between the buyers and the sellers. Aggregate volume of puts was 3,872 and calls
was 10,746 equating to a 0.36 put/call ratio.
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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 edged down $0.25 (1.29%) to $19.06. The price of the stock ranged
between a low of $18.98 and $19.57 respectively. The trading volume of 2M is below
the 90 day average volume of 2M shares. FTNT is trading below the 50
day moving average. The stock's 52 week low is $17.53 and 52 week high is $28.82. To date, the stock has lost -3.11% within the last month.
