FTNT Closing the Gap

Licia Leslie

Licia Leslie

Licia Leslie

BY LICIA LESLIE 

November 24, 2023 

Hi Shoppers,

 

Fortinet (Ticker: FTNT) looks like it is on its way to closing that wide gap created at the earnings announcement:

That would take the stock up to $57.

 

I like the calls expiring Dec08:

The 53 calls with an implied volatility of 25 aren’t a bad deal.

 

Use a close below $52 as your stop loss.

 

Don’t forget to check out our Black Friday sale, lots of goodies to be had

 

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Head of Technical Analysis

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Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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