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Call Options on FTNT on 4/27/2015

Bullish Flag on FTNTFortinet, Inc. (FTNT) provides cyber security solutions for enterprises, service providers, and government organizations worldwide.

The company offers FortiGate physical and virtual appliances products that provide various integrated security and networking functions to protect data, applications, and users from network- and content-level security threats; FortiManager product family to manage the system configuration and security functions of multiple FortiGate devices from a centralized console; and the FortiAnalyzer product family, which enables the collection, analysis, and archiving of content and log data generated by its products. It also offers FortiAP secure wireless access points; FortiWeb that provides security for Web-based applications; FortiMail for multi-featured messaging security; FortiDB for centrally managed database-specific security; FortiClient, an endpoint security product for desktops, laptops, and mobile devices; FortiScan for endpoint vulnerability assessment and remediation; and FortiSwitch Ethernet switches.

In addition, the company provides FortiBridge bypass appliances to help ensure network availability; FortiAuthenticator for scalable secure authentication for enterprise networks; FortiADC for optimizing the availability and performance of mobile, cloud, and enterprise applications; FortiSandbox for detecting and mitigating advanced persistent threats; FortiCache to reduce the cost and impact of cached Internet content; FortiDNS for secure domain name system caching; FortiDDoS for protection against distributed denial of service attack; and FortiVoice for business telephone communication.

Further, it offers security subscription, technical support, training, and professional services.

Shares have formed a bullish "flag" following the company's strong quarterly results and higher share prices are expected for this stock.

 

52-Weeks Trading Range: $20.27 to $38.99

Last Trade: $38.68

Trade

  • Buy 1 May $38.00 Call at $1.35
  • For a net debit of $1.35

Profit/Loss Analysis

  • Breakeven at $39.35
  • Maximum profit is unbounded
  • Maximum loss is ($135.00) at strike of $38.00

Closing Summary

  • Sold 1 May $38.00 Call at $0.95

Position closed on 5/15/2015 at price of $0.95 with a -29.63% loss in 18 days.

Updates

5/15/2015 11:23:46 AM

We are closing FTNT $38 Call option at $0.95 to minimize our loss. This contract becomes worthless today at the close!

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