Market News

November 28, 2016  Mon 7:47 AM CT

Traders apparently see more upside potential in Juniper Networks.

OptionMonster's monitoring system shows that more than 2,100 Weekly 26.50 calls expiring on Dec. 2 were purchased for $0.22 to $0.31 on Friday. This represents new positioning, as volume was more than 18 times the open interest in the strike.

Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Education section)

JNPR rose 0.45 percent to $26.51 on Friday and is up 13 percent in the last three months. The network-technology company is expected to release quarterly numbers after the close on Jan. 26.

Calls outnumbered puts by a bullish 10-to-1 ratio on Friday.

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