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Apollo_CB
Dec 19, 2023 12:37 AM

FTNT gap #2 Long

Fortinet, Inc.NASDAQ

Description

If you have followed along we played the first gap pretty nicely on FTNT. The supertrend has flipped bullish here and we have volume and RSI. The stock is a few dollars from the start of the larger gap which is a 22% price movement. 3-6 month calls is my preference, I am debating on the strike price but will definitely go for a high open interest setup that will have liquidity. Maybe 65$ March or June. There was a little rejection at this green fib, if we can take it its off to that GAP which is massive.
Comments
Mossad1127
This dudes THE MAN
Apollo_CB
@Mossad1127, ty homie
Br549999
for trading fortinet I've got a 258 contract expiring this week Will you share the pinch points
Apollo_CB
@Br549999, whats the strike, cutting it close, theta will crush those gains if youre up. I am in Feb, I dont like to be that close personally.
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