Shares of Fortinet, Inc. FTNT are higher on the session by 1.50%, currently trading at $26.40. The stock has been moving largely higher over the past five months and is currently trading above the 50-day moving average.
Options traders are buying calls on the name today. A short while ago the August 2011 $29.00 call traded 2,100 times on open interest of 96 contracts.
Overall call volume is now running at 2.30x the daily average with 94% of all calls traded being purchases on the offer.
Fortinet, Inc. is a provider of network security appliances and Unified Threat Management network security solutions to enterprises, service providers and government entities worldwide.
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