Calls Active on Juniper Networks (JNPR)
Calls Active on Juniper Networks (JNPR)
Shares of Juniper Networks (JNPR) are trading higher on thesession by 0.28%, at $17.80. The stock has been consolidating above the 20-day and50-day moving averages for the past two weeks and appears to be findingsupport.
Options traders are betting on further upside in the name today.The vast majority of the action is coming on the October $19.00 call, whereover 5,250 contracts have traded on open interest of only 2,296. This indicatesfresh positioning on the name.
There have been a few major blocks trading on the strike. Thisfirst was 1,877 contracts, which was purchased on the offer for $0.64-0.65.Seconds after, a 1,112 contract block was bought, on the offer, for $0.66. Aminute later, 1,659 contracts traded on the bid for $0.68.
It is unclear if the third block was part of the first two andwent off on the bid due to a rising share price at the time, or if it is anisolated trade. Tomorrowís open interest data will help confirm that.
Near-term implied and historical volatility is registering 37% and31%, respectively. They recently converge after carrying a 24 point spread atthe beginning of August.
Juniper Networks, Inc. designs, develops, and sells products andservices that together provide its customers with network infrastructure. Itssegments: Infrastructure and Service Layer Technologies.
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