FTNT230602P00071000 Option on Fortinet
| FTNT Stock | USD 63.40 0.63 0.98% |
Fortinet's option chain provides insight into all available option contracts written on Fortinet's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Fortinet's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Fortinet option contract.
In The Money vs. Out of Money Option Contracts on Fortinet
Analyzing Fortinet's in-the-money options over time can help investors to take a profitable long position in Fortinet regardless of its overall volatility. This is especially true when Fortinet's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Fortinet's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Fortinet's stock while costing only a fraction of its price.
Fortinet's latest option contracts expiring on 2024-04-26 are carrying combined implied volatility of 36.93 with a put-to-call open interest ratio of 1.0 over 78 outstanding agreements suggesting . The current put volume is at 1518, with calls trading at the volume of 1119. This yields a 1.36 put-to-call volume ratio. The Fortinet option chain provides detailed quote and price information for the current Fortinet option contracts. It shows all of Fortinet's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-04-26 Option Contracts
Fortinet option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Fortinet's lending market. For example, when Fortinet's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Fortinet, he or she must hedge the risk by shorting Fortinet stock over its option's life.
2024-04-26
The chart above shows Fortinet's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Fortinet's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Fortinet's option, there is no secondary market available for investors to trade.
Fortinet Maximum Pain Price across 2024-04-26 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Fortinet close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Fortinet's stock options are financial instruments that give investors the right to buy or sell shares of Fortinet common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Fortinet stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Fortinet's stock price goes up or down, the stock options follow.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Please note that buying 'in-the-money' options on Fortinet lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Fortinet's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Fortinet contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Fortinet Stock moves the wrong way.
At this time, Fortinet's Common Stock Shares Outstanding is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 966 K in 2024, despite the fact that Sale Purchase Of Stock is likely to grow to (1.4 B). Fortinet In The Money Call Balance
When Fortinet's strike price is surpassing the current stock price, the option contract against Fortinet stock is said to be in the money. When it comes to buying Fortinet's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Fortinet are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Fortinet Current Options Market Mood
Fortinet's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Fortinet Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Fortinet's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Fortinet's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Fortinet's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Fortinet contract
Base on the Rule 16, the options market is currently suggesting that Fortinet will have an average daily up or down price movement of about 2.31% per day over the life of the 2024-04-26 option contract. With Fortinet trading at USD 63.4, that is roughly USD 1.46. If you think that the market is fully incorporating Fortinet's daily price movement you should consider buying Fortinet options at the current volatility level of 36.93%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Fortinet |
Purchasing Fortinet options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Fortinet calls. Remember, the seller must deliver Fortinet stock to the call owner when a call is exercised.
Fortinet Option Chain
When Fortinet's strike price is surpassing the current stock price, the option contract against Fortinet stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
2024-04-262024-05-032024-05-102024-05-172024-05-242024-05-312024-06-212024-07-192024-09-202024-12-202025-01-172026-01-16
Fortinet's option chain is a display of a range of information that helps investors for ways to trade options on Fortinet. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Fortinet. It also shows strike prices and maturity days for a Fortinet against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-04-26 CALL at $35.0 | 0.9893 | 0.0016 | 0 | 2024-04-26 | 26.2 - 30.8 | 0.0 | In |
Call | 2024-04-26 CALL at $40.0 | 0.9261 | 0.0061 | 0 | 2024-04-26 | 23.0 - 25.65 | 0.0 | In |
Call | 2024-04-26 CALL at $45.0 | 0.9419 | 0.0077 | 0 | 2024-04-26 | 17.05 - 20.65 | 0.0 | In |
Call | 2024-04-26 CALL at $50.0 | 0.9402 | 0.0116 | 0 | 2024-04-26 | 12.35 - 15.1 | 0.0 | In |
Call | 2024-04-26 CALL at $53.0 | 0.9765 | 0.0094 | 0 | 2024-04-26 | 8.45 - 12.55 | 0.0 | In |
Call | 2024-04-26 CALL at $54.0 | 0.7856 | 0.0191 | 0 | 2024-04-26 | 7.3 - 11.55 | 0.0 | In |
Call | 2024-04-26 CALL at $55.0 | 0.7808 | 0.0218 | 3 | 2024-04-26 | 7.6 - 10.35 | 8.01 | In |
Call | 2024-04-26 CALL at $56.0 | 0.8859 | 0.028 | 0 | 2024-04-26 | 5.5 - 7.85 | 0.0 | In |
Call | 2024-04-26 CALL at $57.0 | 0.8043 | 0.0321 | 0 | 2024-04-26 | 6.3 - 8.6 | 0.0 | In |
Call | 2024-04-26 CALL at $58.0 | 0.9218 | 0.0355 | 0 | 2024-04-26 | 4.95 - 6.25 | 0.0 | In |
Call | 2024-04-26 CALL at $59.0 | 0.9203 | 0.0443 | 0 | 2024-04-26 | 4.45 - 4.7 | 0.0 | In |
Call | 2024-04-26 CALL at $60.0 | 0.7817 | 0.0614 | 18 | 2024-04-26 | 3.6 - 4.55 | 6.39 | In |
Call | 2024-04-26 CALL at $61.0 | 0.7933 | 0.0905 | 7 | 2024-04-26 | 2.77 - 2.89 | 3.6 | In |
Call | 2024-04-26 CALL at $62.0 | 0.6904 | 0.1132 | 0 | 2024-04-26 | 2.04 - 2.14 | 1.89 | In |
Call | 2024-04-26 CALL at $63.0 | 0.5694 | 0.1297 | 29 | 2024-04-26 | 1.41 - 1.48 | 1.22 | In |
Call | 2024-04-26 CALL at $64.0 | 0.437 | 0.1324 | 43 | 2024-04-26 | 0.91 - 0.97 | 0.81 | Out |
Call | 2024-04-26 CALL at $65.0 | 0.3089 | 0.1206 | 363 | 2024-04-26 | 0.55 - 0.58 | 0.49 | Out |
Call | 2024-04-26 CALL at $66.0 | 0.2045 | 0.0966 | 227 | 2024-04-26 | 0.31 - 0.35 | 0.27 | Out |
Call | 2024-04-26 CALL at $67.0 | 0.1315 | 0.0707 | 122 | 2024-04-26 | 0.18 - 0.21 | 0.16 | Out |
Call | 2024-04-26 CALL at $68.0 | 0.0894 | 0.0505 | 315 | 2024-04-26 | 0.09 - 0.13 | 0.13 | Out |
Call | 2024-04-26 CALL at $69.0 | 0.0472 | 0.0314 | 549 | 2024-04-26 | 0.04 - 0.13 | 0.06 | Out |
Call | 2024-04-26 CALL at $70.0 | 0.0255 | 0.0189 | 189 | 2024-04-26 | 0.02 - 0.04 | 0.03 | Out |
Call | 2024-04-26 CALL at $71.0 | 0.0232 | 0.0155 | 102 | 2024-04-26 | 0.02 - 0.06 | 0.03 | Out |
Call | 2024-04-26 CALL at $72.0 | 0.0156 | 0.0107 | 207 | 2024-04-26 | 0.01 - 0.25 | 0.02 | Out |
Call | 2024-04-26 CALL at $73.0 | 0.037 | 0.0166 | 273 | 2024-04-26 | 0.0 - 0.18 | 0.07 | Out |
Call | 2024-04-26 CALL at $75.0 | 0.0838 | 0.0209 | 147 | 2024-04-26 | 0.0 - 0.16 | 0.27 | Out |
Put | 2024-04-26 PUT at $95.0 | -0.9487 | 0.0072 | 0 | 2024-04-26 | 29.7 - 34.0 | 0.0 | In |
Put | 2024-04-26 PUT at $90.0 | -0.9737 | 0.0056 | 0 | 2024-04-26 | 24.35 - 29.0 | 0.0 | In |
Put | 2024-04-26 PUT at $85.0 | -0.888 | 0.0137 | 0 | 2024-04-26 | 20.5 - 24.0 | 20.2 | In |
Put | 2024-04-26 PUT at $84.0 | -0.883 | 0.0144 | 0 | 2024-04-26 | 19.55 - 23.0 | 0.0 | In |
Put | 2024-04-26 PUT at $83.0 | -0.8803 | 0.0151 | 0 | 2024-04-26 | 18.55 - 22.0 | 0.0 | In |
Put | 2024-04-26 PUT at $82.0 | -0.8417 | 0.0166 | 0 | 2024-04-26 | 18.3 - 21.0 | 0.0 | In |
Put | 2024-04-26 PUT at $81.0 | -0.8316 | 0.0175 | 0 | 2024-04-26 | 17.45 - 20.0 | 0.0 | In |
Put | 2024-04-26 PUT at $80.0 | -0.8653 | 0.0177 | 0 | 2024-04-26 | 15.65 - 19.0 | 0.0 | In |
Put | 2024-04-26 PUT at $79.0 | -0.8252 | 0.0193 | 0 | 2024-04-26 | 15.4 - 18.0 | 14.2 | In |
Put | 2024-04-26 PUT at $78.0 | -0.8203 | 0.0204 | 0 | 2024-04-26 | 14.45 - 16.95 | 0.0 | In |
Put | 2024-04-26 PUT at $77.0 | -0.8127 | 0.0216 | 0 | 2024-04-26 | 13.45 - 16.0 | 0.0 | In |
Put | 2024-04-26 PUT at $76.0 | -0.8068 | 0.023 | 0 | 2024-04-26 | 12.45 - 15.0 | 11.0 | In |
Put | 2024-04-26 PUT at $75.0 | -0.8024 | 0.0246 | 0 | 2024-04-26 | 11.4 - 14.0 | 7.5 | In |
Put | 2024-04-26 PUT at $74.0 | -0.9038 | 0.0239 | 0 | 2024-04-26 | 9.0 - 12.75 | 0.0 | In |
Put | 2024-04-26 PUT at $73.0 | -0.8886 | 0.0272 | 0 | 2024-04-26 | 8.1 - 11.75 | 2.62 | In |
Put | 2024-04-26 PUT at $72.0 | -0.8923 | 0.0298 | 0 | 2024-04-26 | 7.0 - 10.75 | 2.46 | In |
Put | 2024-04-26 PUT at $71.0 | -0.8742 | 0.0404 | 51 | 2024-04-26 | 6.1 - 9.75 | 6.04 | In |
Put | 2024-04-26 PUT at $70.0 | -0.8761 | 0.0394 | 43 | 2024-04-26 | 5.0 - 8.75 | 5.16 | In |
Put | 2024-04-26 PUT at $69.0 | -0.831 | 0.0475 | 55 | 2024-04-26 | 4.25 - 7.8 | 4.22 | In |
Put | 2024-04-26 PUT at $68.0 | -0.7999 | 0.0562 | 1134 | 2024-04-26 | 3.6 - 5.1 | 4.45 | In |
Put | 2024-04-26 PUT at $67.0 | -0.9131 | 0.0899 | 98 | 2024-04-26 | 3.25 - 4.1 | 3.17 | In |
Put | 2024-04-26 PUT at $66.0 | -0.8289 | 0.0985 | 219 | 2024-04-26 | 2.62 - 2.98 | 2.8 | In |
Put | 2024-04-26 PUT at $65.0 | -0.6923 | 0.1202 | 381 | 2024-04-26 | 2.08 - 2.17 | 2.39 | In |
Put | 2024-04-26 PUT at $64.0 | -0.5629 | 0.1344 | 133 | 2024-04-26 | 1.45 - 1.52 | 1.52 | In |
Put | 2024-04-26 PUT at $63.0 | -0.4317 | 0.131 | 273 | 2024-04-26 | 0.96 - 1.01 | 1.07 | Out |
Put | 2024-04-26 PUT at $62.0 | -0.3087 | 0.1145 | 201 | 2024-04-26 | 0.6 - 0.65 | 0.74 | Out |
Put | 2024-04-26 PUT at $61.0 | -0.2103 | 0.0903 | 85 | 2024-04-26 | 0.37 - 0.41 | 0.42 | Out |
Put | 2024-04-26 PUT at $60.0 | -0.1383 | 0.0662 | 73 | 2024-04-26 | 0.22 - 0.26 | 0.24 | Out |
Put | 2024-04-26 PUT at $59.0 | -0.09 | 0.0463 | 10 | 2024-04-26 | 0.13 - 0.17 | 0.08 | Out |
Put | 2024-04-26 PUT at $58.0 | -0.0605 | 0.032 | 6 | 2024-04-26 | 0.08 - 0.12 | 0.06 | Out |
Put | 2024-04-26 PUT at $57.0 | -0.046 | 0.0235 | 15 | 2024-04-26 | 0.02 - 0.16 | 0.08 | Out |
Put | 2024-04-26 PUT at $56.0 | -0.0558 | 0.022 | 1 | 2024-04-26 | 0.01 - 0.24 | 0.09 | Out |
Fortinet Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
| Timeline |
Fortinet Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
| Timeline |
Fortinet Total Stockholder Equity
Total Stockholder Equity |
|
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fortinet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Earnings Calls Now
Earnings CallsCheck upcoming earnings announcements updated hourly across public exchanges |
| All Next | Launch Module |
Fortinet Corporate Directors
Fortinet corporate directors refer to members of a Fortinet board of directors. The board of directors generally takes responsibility for the Fortinet's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Fortinet's board members must vote for the resolution. The Fortinet board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Peter Cohen | Director | Profile | |
| Ming Hsieh | Independent Director | Profile | |
| Chenming Hu | Independent Director | Profile | |
| Christopher Paisley | Lead Independent Director | Profile |
Already Invested in Fortinet?
The danger of trading Fortinet is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fortinet is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fortinet. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fortinet is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Fortinet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fortinet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fortinet Stock. Highlighted below are key reports to facilitate an investment decision about Fortinet Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Fortinet Stock analysis
When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |
Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.035 | Earnings Share 1.46 | Revenue Per Share 6.813 | Quarterly Revenue Growth 0.103 | Return On Assets 0.1146 |
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.