Fortinet Unusual Options Activity For October 16
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Fortinet (NASDAQ:FTNT), with a majority of investors taking a bullish stance. The trades include 4 puts amounting to $158,487 and 7 calls amounting to $524,712. Whales have been targeting a price range from $40.0 to $70.0 for Fortinet over the last 3 months. Barclays, HSBC, and Mizuho have given price targets of $63, $75, and $65 respectively.
October 16, 2023 | 8:15 pm
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Fortinet has seen significant unusual options activity, with a majority of investors taking a bullish stance. This could potentially impact the stock's price in the short term.
The unusual options activity, with a majority of investors taking a bullish stance, indicates a potential increase in the stock's price. The price targets given by Barclays, HSBC, and Mizuho further support this.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100