High-rolling investors have positioned themselves bullish on Fortinet FTNT, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FTNT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Fortinet. This is not a typical pattern.
The sentiment among these major traders is split, with 55% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $27,060, and 8 calls, totaling $666,934.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $135.0 for Fortinet, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Fortinet stands at 767.0, with a total volume reaching 522.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Fortinet, situated within the strike price corridor from $90.0 to $135.0, throughout the last 30 days.
Fortinet Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FTNT | CALL | SWEEP | BEARISH | 06/13/25 | $3.15 | $3.1 | $3.15 | $100.00 | $149.0K | 7 | 1 |
| FTNT | CALL | SWEEP | BEARISH | 06/13/25 | $3.15 | $3.1 | $3.15 | $100.00 | $149.0K | 7 | 1 |
| FTNT | CALL | TRADE | BULLISH | 06/20/25 | $5.2 | $4.9 | $5.2 | $97.50 | $104.0K | 924 | 202 |
| FTNT | CALL | TRADE | BULLISH | 06/20/25 | $4.0 | $3.85 | $4.0 | $100.00 | $79.6K | 2.5K | 69 |
| FTNT | CALL | TRADE | BEARISH | 05/30/25 | $6.3 | $5.6 | $5.85 | $95.00 | $58.5K | 162 | 100 |
About Fortinet
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.
Having examined the options trading patterns of Fortinet, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Fortinet Standing Right Now?
- Trading volume stands at 3,224,225, with FTNT's price up by 3.71%, positioned at $101.03.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 85 days.
Professional Analyst Ratings for Fortinet
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $105.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Neutral rating on Fortinet with a target price of $100. * An analyst from UBS has decided to maintain their Neutral rating on Fortinet, which currently sits at a price target of $105. * An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Fortinet, which currently sits at a price target of $115. * An analyst from Roth Capital downgraded its action to Neutral with a price target of $103. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Fortinet, targeting a price of $105.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Fortinet, Benzinga Pro gives you real-time options trades alerts.
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