Tour v397
FTNT
FORTINET INC
$152.37 +0.55%
$152.99 (+0.41%)🌙
as of 07/25 02:28 AM
(7/23 18:34) ◀
|
Friday, July 24, 2026 (2:28am)
January 2026
|
▶ (7/27 18:34)
◀ 7/24 02:28 ▶

Option Volume

Detail
ℹ
Current (07/25) 8,551
Calls: 2,528 (30%)
Puts: 6,023 (70%)
Prior (07/23) 12,115
Calls: 6,777 (56%)
Puts: 5,338 (44%)
Current vs Prior -29.42%
Calls: -62.70% (Calls)
Puts: +12.83% (Puts)
Prior 7-Day Total 73,151
Calls: 43,404 (59%)
Puts: 29,747 (41%)
Prior 7-Day Average 10,450
Calls: 6,200 (59%)
Puts: 4,249 (41%)
Current vs Prior 7-Day Avg -18.17%
Calls: -59.23%
Puts: +41.73%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/25) $5.19M
Calls: $1.74M (33%)
Puts: $3.45M (67%)
Prior (07/23) $6.41M
Calls: $3.60M (56%)
Puts: $2.81M (44%)
Current vs Prior -18.99%
Calls: -51.74%
Puts: +23.07%
Prior 7-Day Total $44.82M
Calls: $29.30M (65%)
Puts: $15.53M (35%)
Prior 7-Day Average $6.40M
Calls: $4.19M (65%)
Puts: $2.22M (35%)
Current vs Prior 7-Day Avg -18.90%
Calls: -58.45%
Puts: +55.73%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/25) 2.38
Prior (07/23) 0.79
Current vs Prior +202.48%
Prior 7-Day Average 0.74
Current vs Prior 7-Day Avg +222.49%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/25) 78,142
Calls: 37,091 (47%)
Puts: 41,051 (53%)
Prior (07/23) 64,210
Calls: 33,782 (53%)
Puts: 30,428 (47%)
Current vs Prior +21.70%
Prior 7-Day Total 533,199
Calls: 278,019 (52%)
Puts: 255,180 (48%)
Prior 7-Day Average 76,171
Calls: 39,717 (52%)
Puts: 36,454 (48%)
Current vs Prior 7-Day Avg +2.59%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 13.61% | 15.34%17.58% | 21.76%
Prior 3.57% | 14.34%17.70% | 22.48%
Current vs Prior +281.09% | +7.01%-0.73% | -3.17%
Prior 7-Day Avg 4.87% | 12.57%11.70% | 21.47%
Current vs 7-Day Avg +179.63% | +22.04%+50.24% | +1.35%
Prior 7-Day Eod 3.57% | 14.34%17.70% | 22.48%
Current vs 7-Day Eod +281.09% | +7.01%-0.73% | -3.17%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 11.33% | 7.90%
Calls: 12.24% | 9.80%
Puts: 10.42% | 6.00%
Prior 11.33% | 7.90%
Calls: 12.24% | 9.80%
Puts: 10.42% | 6.00%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 11.33% | 7.90%
Calls: 12.24% | 9.80%
Puts: 10.42% | 6.00%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bearish flow with 67% put dollar volume ($3.45M). Extreme bearish P/C ratio of 2.38 - heavy put buying. P/C ratio rising 202% - increased hedging/bearish positioning. Rising open interest (up 22%) indicates new positions being established.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 2 of results (avg 9.5%, best 9.4%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Jul 3116.4518.10$17.279.6%30.7312
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Aug 2130.0032.95$31.489.4%100.7512

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 52 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$137.00Jul 2413.6017.20$15.4023.4%211.0021
$140.00Jul 2410.9013.50$12.2021.3%41.0025
$148.00Jul 242.916.20$4.5672.1%51.00--
$149.00Jul 242.484.55$3.5159.0%10.94--
$125.00Jul 2425.2029.20$27.2014.7%60.90--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$165.00Jul 2410.8014.75$12.7830.9%40.99100
$160.00Jul 245.809.30$7.5546.4%70.9962
$157.50Jul 243.307.25$5.2874.8%1.6K0.991.8K
$162.50Jul 248.3011.55$9.9332.7%10.92--
$155.00Jul 240.834.75$2.79140.5%580.91211

Most actively traded options today. High liquidity = easy entry/exit. 155 active (total vol 6.5K, top 1.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$152.50Jul 240.010.47$0.24191.7%2570.39703
$165.00Aug 217.159.20$8.1825.1%1430.39719
$155.00Jul 318.058.95$8.5010.6%750.49523
$160.00Jul 240.000.01$0.01100.0%740.011.1K
$165.00Jul 314.555.50$5.0318.9%700.34414
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$150.00Jul 240.000.91$0.46197.8%1.6K0.241.9K
$157.50Jul 243.307.25$5.2874.8%1.6K0.991.8K
$145.00Aug 218.0510.20$9.1323.5%2440.373.7K
$152.50Jul 240.210.92$0.57124.6%2360.63293
$165.00Aug 717.4020.10$18.7514.4%2320.63157

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 39 strikes (avg 627.6%, max 2539.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$172.50Jul 24Aug 71431.1%91.9%1457.4%3--
$177.50Jul 24Jul 311649.2%115.2%1332.1%31233
$180.00Jul 24Sep 4982.8%69.4%1315.3%9--
$135.00Jul 24Jul 311439.5%123.4%1066.1%3--
$145.00Jul 24Aug 21793.9%74.7%963.0%46335
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$130.00Jul 24Sep 41752.7%66.4%2539.8%626
$123.00Jul 24Jul 312194.6%119.7%1732.9%31
$128.00Jul 24Jul 311878.2%118.0%1492.0%1043
$127.00Jul 24Jul 311941.2%122.1%1490.0%723
$145.00Jul 24Aug 21793.9%74.7%963.0%2733.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 80 found (best R:R 21.73, avg 2.76)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$152.50$155.00Jul 24$0.15$2.35$0.1515.67$152.65
$162.50$165.00Jul 24$0.24$2.26$0.249.42$162.74
$180.00$182.50Jul 31$0.24$2.26$0.249.42$180.24
$165.00$167.50Jul 31$0.31$2.19$0.317.06$165.31
$175.00$177.50Jul 31$0.31$2.19$0.317.06$175.31
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$152.50$150.00Jul 24$0.11$2.39$0.1121.73$152.39
$124.00$123.00Jul 31$0.12$0.88$0.127.33$123.88
$144.00$143.00Jul 31$0.15$0.85$0.155.67$143.85
$145.00$144.00Jul 31$0.15$0.85$0.155.67$144.85
$134.00$130.00Jul 31$0.82$3.18$0.823.88$133.18

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 93 found (best R:R 19.83, avg 1.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$150.00$152.50Jul 24$2.25$2.25$0.259.00$152.25
$145.00$148.00Jul 24$2.64$2.64$0.367.33$147.64
$128.00$129.00Jul 24$0.65$0.65$0.351.86$128.65
$132.00$133.00Jul 24$0.65$0.65$0.351.86$132.65
$140.00$149.00Jul 31$5.42$5.42$3.581.51$145.42
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$162.50$160.00Jul 24$2.38$2.38$0.1219.83$160.12
$160.00$157.50Jul 24$2.27$2.27$0.239.87$157.73
$155.00$152.50Jul 24$2.22$2.22$0.287.93$152.78
$175.00$170.00Jul 31$3.92$3.92$1.083.63$171.08
$160.00$157.50Jul 31$1.92$1.92$0.583.31$158.08

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $5.14, cheapest $0.58)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$177.50Jul 24Jul 31$1.231649.2%115.2%
$175.00Jul 31Aug 7$1.46113.6%96.4%
$182.50Jul 24Jul 31$1.49820.5%111.6%
$180.00Jul 24Jul 31$1.69982.8%110.7%
$172.50Jul 24Jul 31$2.491431.1%121.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$128.00Jul 24Jul 31$0.581878.2%118.0%
$127.00Jul 24Jul 31$0.601941.2%122.1%
$125.00Jul 31Aug 7$0.81117.5%97.1%
$130.00Jul 24Jul 31$1.161752.7%122.6%
$135.00Jul 31Aug 21$1.90123.4%75.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 37 found (cheapest 0.53% of stock, avg 11.52%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$152.50Jul 24$0.24$0.57$0.81$151.69$153.310.53%
$155.00Jul 24$0.09$2.79$2.88$152.12$157.881.89%
$150.00Jul 24$2.49$0.46$2.95$147.05$152.951.94%
$149.00Jul 24$3.51$0.14$3.65$145.35$152.652.40%
$148.00Jul 24$4.56$0.07$4.63$143.37$152.633.04%
$157.50Jul 24$0.01$5.28$5.29$152.21$162.793.47%
$160.00Jul 24$0.01$7.55$7.56$152.44$167.564.96%
$145.00Jul 24$7.20$1.06$8.26$136.74$153.265.42%
$162.50Jul 24$0.25$9.93$10.18$152.32$172.686.68%
$142.00Jul 24$10.20$1.06$11.26$130.74$153.267.39%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 101 found (cheapest 0.36% of stock, avg 7.81%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$155.00$150.00Jul 24$0.09$0.46$0.55$149.45$155.55
$152.50$150.00Jul 24$0.24$0.46$0.70$149.30$153.20
$167.50$150.00Jul 24$0.37$0.46$0.83$149.17$168.33
$155.00$146.00Jul 24$0.09$1.06$1.15$144.85$156.15
$155.00$145.00Jul 24$0.09$1.06$1.15$143.85$156.15
$155.00$144.00Jul 24$0.09$1.06$1.15$142.85$156.15
$155.00$142.00Jul 24$0.09$1.06$1.15$140.85$156.15
$152.50$146.00Jul 24$0.24$1.06$1.30$144.70$153.80
$152.50$145.00Jul 24$0.24$1.06$1.30$143.70$153.80
$152.50$144.00Jul 24$0.24$1.06$1.30$142.70$153.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 154 found (best R:R 9.00, avg credit $2.99)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
140/145155/160Aug 21$4.50$0.509.00$140.50$159.50
135/140145/150Aug 21$4.39$0.617.20$135.61$149.39
140/145150/155Aug 21$4.28$0.725.94$140.72$154.28
140/145165/170Aug 21$4.20$0.805.25$140.80$169.20
130/135145/150Aug 21$4.19$0.815.17$130.81$149.19
155/160170/175Aug 21$4.13$0.874.75$155.87$174.13
125/130145/150Aug 21$4.11$0.894.62$125.89$149.11
128/130149/150Jul 31$1.60$0.404.00$128.40$150.60
145/149155/160Aug 21$3.95$1.053.76$145.05$158.95
130/135140/145Aug 21$3.93$1.073.67$131.07$143.93

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 43 found (best R:R 61.50, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$152.50$155.00$157.50Jul 24$0.07$2.4334.71
$155.00$157.50$160.00Jul 24$0.08$2.4230.25
$170.00$175.00$180.00Aug 14$0.20$4.8024.00
$162.50$165.00$167.50Aug 7$0.16$2.3414.62
$165.00$170.00$175.00Aug 14$0.35$4.6513.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$125.00$130.00$135.00Aug 21$0.08$4.9261.50
$130.00$135.00$140.00Aug 21$0.20$4.8024.00
$157.50$160.00$162.50Jul 24$0.11$2.3921.73
$147.00$148.00$149.00Jul 24$0.10$0.909.00
$152.50$155.00$157.50Jul 24$0.27$2.238.26

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 59 found (best net $-1.60, 43 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$140.00$160.001:2Sep 4-$1.60$18.40
$140.00$155.001:2Aug 14-$3.50$11.50
$155.00$165.001:2Aug 14-$3.60$6.40
$172.50$177.501:2Jul 24-$1.07$3.93
$175.00$180.001:2Aug 7-$1.35$3.65
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$180.00$160.001:2Aug 21-$2.12$17.88
$165.00$150.001:2Aug 7-$1.11$13.89
$140.00$130.001:2Aug 28-$1.21$8.79
$150.00$140.001:2Aug 7-$1.83$8.17
$130.00$125.001:2Aug 21-$1.59$3.41

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 37 found (best yield 7.32%, avg 3.58%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$155.00Aug 28$11.150.511.7%7.32%9.04%2--
$155.00Aug 21$10.800.511.7%7.09%8.81%7--
$155.00Aug 14$10.300.511.7%6.76%8.49%1227
$152.50Aug 7$10.150.530.1%6.66%6.75%2126
$160.00Sep 4$9.700.475.0%6.37%11.37%81
$152.50Jul 31$9.200.530.1%6.04%6.12%4638
$160.00Aug 21$8.800.455.0%5.78%10.78%26780
$155.00Aug 7$8.250.501.7%5.41%7.14%2--
$155.00Jul 31$8.050.491.7%5.28%7.01%75523
$160.00Aug 7$7.200.435.0%4.73%9.73%2--

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 2,528
Total Puts 6,023
Put/Call Ratio 2.38
Net Difference -3,495

Prior's Put/Call Breakdown

Total Calls 6,777
Total Puts 5,338
Put/Call Ratio 0.79
Net Difference 1,439

Prior 7-Day Put/Call Summary

Total Calls 43,404
Total Puts 29,747
Average Put/Call Ratio 0.74
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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