Pre-earnings action in Juniper Networks (JNPR) after F5 (FFIV) results missed Street estimates. JNPR is off $1.88 to $35.02 and today’s volume of 17K calls and 19K puts is 6.5X the average daily. Most of the action is in smaller lots. The top trade is 600 Feb 38 puts at the $3.45 asking price. Feb 33, 34, and 35 puts are among the most actives. Others are taking positions in the Feb 34 and 35 calls ahead of JNPR’s earnings, due Jan 25 (after market). Implied volatility is up 8 percent to 41.5.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.