Smart Money Is Betting Big In FTNT Options - Fortinet (NASDAQ:FTNT)

Group 1 - Fortinet has seen significant options activity, with over 16 transactions valued at $540,480 and 14 puts totaling $533,692 [1] - The major market movers are focusing on a price range between $80.0 and $86.0 for Fortinet over the last three months [2] - Insights into volume and open interest indicate liquidity and interest levels for Fortinet's options within the strike price range of $80.0 to $86.0 [3] Group 2 - Fortinet is a cybersecurity vendor offering products in network security, cloud security, zero-trust access, and security operations, with over 800,000 customers globally [4] - Professional analysts have set an average price target of $88.8 for Fortinet, based on evaluations from five analysts in the last 30 days [6] - The current stock price of FTNT is $81.66, reflecting a 1.23% increase, with a trading volume of 2,221,393 [7]