Bear Sells Big Block Of Juniper Call Options Ahead Of Tuesday?s Earnings

Juniper releases third-quarter earnings after the final bell on Tuesday, and one doubting Thomas is betting the report will do little to rocket-launch the shares to the upside. It looks like the investor sold a block of 13,000 calls at the Oct. $24 strike to pocket premium of $0.13 per contract. The trader keeps the full amount of premium as long as JNPR's shares fail to rally above $24 at expiration next week.

Source: http://www.forbes.com/sites/greatspeculations/2011/10/14/bear-sells-big-block-of-juniper-call-options-ahead-of-tuesdays-earnings/

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