Shares of Juniper Networks (JNPR) are popping higher this morning, currently up by 4.94%, trading at $18.16. The network infrastructure company has been trending lower over the past six months, finding resistance at the 200-day moving average several times.
With shares once again testing this critical resistance level, calls are active on the name today. Shortly after the opening bell, the November $20.00 call was purchased 5,000 times, near the offer, for $0.57. Fifteen minutes later, the trader came back to purchase 3,282 more calls, also near the offer, for $0.52.
Given the current open interest on the strike of 997 contracts, this is clearly new positioning. 30-day implied volatility has spiked dramatically along with the stock, up 15.8% on the session to 56.57%. 10-day realized vol is registering 26.43%.
This morning?s trades have pushed overall call volume to 4.4x normal volume.
Juniper Networks, Inc. designs, develops, and sells products and services that together provide its customers with network infrastructure. It segments: Infrastructure and Service Layer Technologies.?