Core Viewpoint - Fortinet (FTNT) stock is experiencing positive momentum due to a rally in the tech sector, driven by strong earnings from Taiwan Semiconductor Manufacturing (TSM) [1] Group 1: Stock Performance - FTNT shares are set to end a three-day losing streak but have a 26.8% deficit over the past three months, recently hitting a two-month low [1] - The stock has support at the $76 level, which has previously contained pullbacks in August, September, and November [1] - FTNT is currently within 3% of its 40-month moving average, having closed above this trendline for the past five months [2] Group 2: Historical Trends - Historical data shows that when FTNT is within 3% of its 40-month moving average, the stock has risen one month later 86% of the time, with an average gain of 3.1% [2] - Over a three-month period, FTNT has averaged a 10.9% gain with a 71% win rate following similar signals [2] Group 3: Analyst Ratings - Current analyst ratings for FTNT include 30 "hold," 7 "strong buy," and 4 "sell" or worse, indicating a cautious outlook among analysts [4] - A surge in FTNT stock could prompt some brokerages to adopt a more bullish stance [4] Group 4: Volatility Assessment - FTNT has a Schaeffer's Volatility Scorecard (SVS) of 21 out of 100, suggesting it has experienced lower volatility than its options pricing over the past year [5] - This low volatility indicates that a premium-selling strategy may be advantageous moving forward [5]

Core Viewpoint - Roku Inc's stock has experienced a notable increase following a double upgrade from Morgan Stanley, which raised its rating to "overweight" and increased the price target to $135 from $85, citing multiple growth drivers including faster revenue growth and a positive outlook for the advertising industry [1] Stock Performance - Roku's stock has been on an upward trend since the beginning of the month, potentially surpassing its three-year high of $116.66 set on October 31 [2] - Year-to-date, Roku's equity has risen by 50.1%, although short interest has increased by 28.6% in the last two weeks, now representing 5.8% of the stock's available float [2] - The stock's 14-day relative strength index (RSI) is at 79.9, indicating it is in "overbought" territory, which may suggest a short-term pullback [2] Options Activity - Following the positive analyst note, call options trading has surged, with 2,912 calls exchanged, which is three times the typical volume for this time frame [3] - The December 115 call option is currently the most popular among traders, and options are considered attractively priced with a Schaeffer's Volatility Index (SVI) of 42%, which is in the low 2nd percentile of its annual range [3][4] Volatility Insights - The current SVI of 42% indicates that options are affordably priced, and with a Schaeffer's Volatility Scorecard (SVS) of 12 out of 100, Roku has historically exhibited lower volatility than what its options pricing suggests, making a premium-selling strategy potentially advantageous for options traders [4]

Core Viewpoint - Roku Inc has announced a partnership with Amazon to enhance its connected TV presence, potentially reaching 80 million households and allowing marketers to utilize Amazon's ad-buying system to target this audience [1] Group 1: Stock Performance - Roku's stock increased by 10% to $81.88 following the announcement, reclaiming its year-to-date breakeven level and on track for its highest close since March 6 [1][2] - The stock has formed a bullish falling wedge pattern, with a year-over-year increase of 48.7% from its February 14 annual high of $104.96 [2] Group 2: Options Activity - Options trading has surged, with 24,000 calls and 4,736 puts exchanged, indicating nine times the typical volume for this time of day [3] - The June 85 call is the most active option, with new positions being sold to open [3] Group 3: Short Interest and Volatility - Despite the stock's rise since early April, short interest has increased by 24.9% in the last month, now accounting for 7.6% of the stock's available float [4] - The stock's Schaeffer's Volatility Index (SVI) is at 49%, in the low 9th percentile of annual readings, suggesting that premiums are affordable amid low volatility expectations [5]