Fortinet Inc. (FTNT)
Fortinet Max Pain By Strike
FTNT trades at $80.36, 7.1% above the near-term max pain of $75 expiring Sep 12, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($74-$95), signaling increased put positioning or downside protection. Key magnetic zone at 80 where 7 expirations converge.
Fortinet Max Pain By Expiry
Max pain for FTNT shows a downward trend from 95 to 74, indicating bearish sentiment or hedging activity. The 26% spread signals divergent expectations across timeframes. Most levels below 80.36 may cap rallies. Strong magnetic level at 80 (7 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 12, 2025 | 75 | -5.36 (-6.67%) |
| Sep 19, 2025 | 78.5 | -1.86 (-2.31%) |
| Sep 26, 2025 | 77 | -3.36 (-4.18%) |
| Oct 3, 2025 | 80 | -0.36 (-0.45%) |
| Oct 10, 2025 | 77 | -3.36 (-4.18%) |
| Oct 17, 2025 | 80 | -0.36 (-0.45%) |
| Oct 24, 2025 | 74 | -6.36 (-7.91%) |
| Nov 21, 2025 | 80 | -0.36 (-0.45%) |
| Dec 19, 2025 | 80 | -0.36 (-0.45%) |
| Jan 16, 2026 | 80 | -0.36 (-0.45%) |
| Feb 20, 2026 | 80 | -0.36 (-0.45%) |
| Mar 20, 2026 | 90 | 9.64 (12.00%) |
| Jun 18, 2026 | 85 | 4.64 (5.77%) |
| Sep 18, 2026 | 85 | 4.64 (5.77%) |
| Dec 18, 2026 | 95 | 14.64 (18.22%) |
| Jan 15, 2027 | 80 | -0.36 (-0.45%) |