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FTNT Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Fortinet's proactive security measures against vulnerabilities may enhance investor confidence, driving stock momentum. High call option activity suggests market players anticipate upward price movement, supported by favorable volatility trends (implied volatility > market).



Bearish Case: Continued exploitation of critical vulnerabilities could erode customer trust, leading to potential declines in market capitalization. Elevated implied volatility suggests increased market anxiety and downside risks, further aggravated by ongoing legal scrutiny.



Potential Outcomes:

1) Vulnerability resolution boosts stock +30% (40%);

2) Continued breaches lead to -20% drop (35%);

3) Legal issues escalate, causing -15% decline (25%).



Trading Oracle: Given the 64% bullish outlook versus bearish, implement a bullish credit spread. Sell the $93 strike puts and buy the $88 puts for November expiration. This strategy capitalizes on the positive Helium edge and offers a potential return of 13% (~93% annualized) with favorable odds of profit around 76%.


November 19, 2024


Fortinet Forecast

FTNT        Fortinet

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Correlated Assets

Assets that tend to move strongly with FTNT


MA Forecast + Options Trading Strategies   MA  Mastercard Incorporated (0.9)


IHI Forecast + Options Trading Strategies   IHI  BTC iShares U.S. Medical (0.87)


TRV Forecast + Options Trading Strategies   TRV  Travelers Companies (0.86)


HACK Forecast + Options Trading Strategies   HACK  ETFMG Prime Cyber Security (0.85)


NOW Forecast + Options Trading Strategies   NOW  ServiceNow (0.83)



Uncorrelated Assets

Assets with little price relationship to FTNT


CCJ Forecast + Options Trading Strategies   CCJ  Cameco (-0.0)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.0)


HDB Forecast + Options Trading Strategies   HDB  HDFC (0.0)


TGNA Forecast + Options Trading Strategies   TGNA  TEGNA (0.0)


IONQ Forecast + Options Trading Strategies   IONQ  IonQ (0.0)



Anticorrelated Assets

Assets that tend to move strongly against FTNT


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (-0.71)


ACLS Forecast + Options Trading Strategies   ACLS  Axcelis (-0.71)


EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.73)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.74)


HLF Forecast + Options Trading Strategies   HLF  Herbalife Nutrition (-0.83)







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