Fortinet (FTNT) Options Chain

NASDAQ: FTNTTechnologyComputer peripheral equipmentUSD

194.75+5.65 (+2.99%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $194.75
Put/call ratio (OI): 0.95
Put/call ratio (volume): 2.07
ATM implied volatility: 54.3%
Expected move: ±$54.25
Open interest (C / P): 25.30K / 24.11K

FTNT options summary

The FTNT options chain for the January 15, 2027 expiration lists 48 call and 43 put contracts, with 96 days until expiration. Open interest stands at 25,302 calls and 24,105 puts, a put/call ratio of 0.95, which is fairly balanced between calls and puts. At-the-money implied volatility near the $195.00 strike is 54.3%, which implies the market expects a move of about ±$54.25 (27.9%) in Fortinet stock by expiration.

The most open interest sits at the $100.00 call (8.23K contracts) and the $65.00 put (3.41K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

FTNT options chain · January 15, 2027

FTNT calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
118	2	148.4%	152.10	153.75	156.65	40.00	0.00	0.27	0.05	126.2%	3	234
37	1	—	111.77	109.35	112.25	42.50	0.00	2.13	0.06	165.2%	1	41
76	1	147.7%	113.90	148.85	152.05	45.00	0.00	2.13	0.04	159.1%	3	151
105	1	—	70.55	97.80	101.75	47.50	0.00	2.13	0.05	153.4%	2	71
135	1	122.0%	131.27	143.05	147.10	50.00	0.00	2.13	0.03	148.1%	1	231
0	1	—	110.00	0.00	0.00	55.00	0.01	0.73	0.07	115.9%	5	1,403
212	1	124.5%	108.00	134.00	137.25	60.00	0.00	1.95	0.10	127.0%	2	1,222
99	1	107.7%	107.60	128.30	132.30	65.00	0.00	2.13	0.59	120.9%	10	3,408
0	1	—	64.40	0.00	0.00	67.50	0.00	2.13	0.15	117.0%	4	151
307	2	106.9%	121.07	123.60	127.45	70.00	0.00	2.14	0.21	113.4%	1	1,346
0	1	—	79.62	0.00	0.00	72.50	0.01	1.15	0.04	98.6%	3	486
259	1	96.0%	120.20	118.60	122.10	75.00	0.00	2.00	0.05	105.1%	1	1,800
189	2	94.2%	93.00	116.20	119.60	77.50	0.00	1.35	0.06	94.8%	1	411
1,132	1	88.7%	102.05	113.45	117.15	80.00	0.00	1.06	0.01	88.2%	1	1,108
185	1	—	80.50	70.20	73.10	82.50	0.00	0.00	0.75	25.0%	1	0
852	1	86.1%	98.27	108.60	112.25	85.00	0.00	0.00	0.71	25.0%	4	0
0	2	—	64.45	0.00	0.00	87.50	0.00	1.00	0.32	79.3%	2	210
978	8	82.7%	90.00	103.75	107.30	90.00	0.05	0.33	0.11	66.5%	3	1,661
899	1	—	74.90	64.50	67.45	92.50	0.00	0.85	0.12	72.4%	2	1,009
185	2	81.0%	60.68	99.05	102.40	95.00	0.00	0.75	0.16	68.7%	1	1,144
206	4	77.2%	67.52	96.35	99.95	97.50	0.00	0.73	0.79	66.2%	1	180
8,229	1	77.7%	95.97	94.15	97.55	100.00	0.00	0.73	0.23	64.0%	2	323
478	1	77.7%	77.60	89.80	92.70	105.00	0.00	0.90	0.35	61.8%	1	1,100
823	2	73.5%	81.20	84.90	87.75	110.00	0.00	1.25	0.43	61.0%	2	274
171	10	70.6%	46.57	79.60	83.45	115.00	0.14	1.24	0.59	57.9%	1	578
1,147	1	66.7%	71.69	74.65	78.60	120.00	0.00	1.59	1.40	55.3%	1	76
520	1	67.2%	71.30	70.70	73.90	125.00	0.80	1.94	1.22	57.6%	1	684
850	9	65.1%	67.00	66.10	69.30	130.00	0.95	1.76	1.35	53.3%	1	273
567	1	63.3%	61.00	61.60	64.80	135.00	1.37	2.18	1.37	52.5%	1	972
193	2	61.5%	48.33	57.10	60.40	140.00	1.63	2.70	2.42	51.0%	4	227
328	1	58.8%	48.25	52.25	56.10	145.00	2.09	3.70	2.96	51.0%	4	622
534	4	59.2%	49.70	48.80	52.00	150.00	2.66	4.90	3.79	51.0%	1	441
184	1	58.4%	46.40	45.15	47.80	155.00	3.85	6.15	5.40	51.7%	2	314
547	2	57.6%	42.30	41.15	44.25	160.00	4.80	6.30	6.57	51.8%	2	439
219	2	57.5%	38.30	38.35	40.20	165.00	7.00	7.65	8.10	50.3%	51	194
382	11	54.4%	34.45	34.50	35.60	170.00	8.60	9.15	8.70	50.1%	309	859
421	2	55.6%	30.35	31.50	33.25	175.00	10.40	10.95	12.00	50.8%	12	197
716	30	54.6%	29.05	28.45	29.90	180.00	11.10	12.90	12.50	50.5%	2	182
242	14	55.4%	26.00	26.00	27.60	185.00	14.35	15.15	15.95	50.5%	2	34
431	14	53.5%	23.40	23.10	24.05	190.00	16.35	17.50	18.86	50.1%	1	37
FTNT $194.75
360	3	54.3%	20.30	20.80	22.35	195.00	0.00	0.00	58.80	—	—	0
400	18	53.3%	18.95	18.60	19.45	200.00	—	—	—	—	—	—
263	1	53.3%	15.00	14.65	16.00	210.00	27.10	30.00	31.50	51.9%	11	11
403	34	53.2%	11.94	11.60	12.75	220.00	64.55	67.30	75.40	125.0%	—	1
448	4	52.1%	8.25	8.50	10.00	230.00	—	—	—	—	—	—
361	15	51.3%	7.15	6.20	7.70	240.00	—	—	—	—	—	—
73	2	53.3%	4.75	5.05	6.85	250.00	—	—	—	—	—	—
38	2	52.7%	4.25	3.75	5.20	260.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the FTNT put/call ratio?

For the January 15, 2027 expiration, the FTNT put/call ratio based on open interest is 0.95 (24,105 puts vs 25,302 calls), and 2.07 based on today's volume. A ratio above 1 means more puts than calls.

What is FTNT's implied volatility?

At-the-money implied volatility for FTNT options expiring January 15, 2027 is about 54.3%, an annualized estimate of how much the market expects Fortinet stock to move.

How many FTNT option expiration dates are there?

FTNT has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.