Stocks quoted in this article:
Juniper Networks (JNPR – 198-1/8) had its "strong buy" status reiterated this morning by a brokerage house. Despite this news, the security gapped 3-7/8 points lower and is presently down by more than 17 points, or nearly eight percent. This slippage has sent the shares back beneath their 10-day moving average, a trendline they haven't finished a session above since August 3.
In JNPR's options pit today, the out-of-the-money October 200 call has led the way on volume of 4,247 contracts. Open interest at this strike stands at 2,170 contracts, which indicates that some of today's volume is likely to become new positions. Another back-month option – the October 175 call – has seen volume of 1,061 contracts.
For the front-month series, the September 200, 210, and 220 calls have been active, as 1,209, 1,614, and 1,757 contracts have crossed the tape, respectively. What's more, 1,839 contracts have traded on the September 200 put.