Our Hot Money monitor triggered a bullish alert in Juniper Networks Inc (JNPR).
The options market is seeing many days of call buying with today's activity a 300% increase of calls purchased in the August expiration.
This bullish positioning is coming ahead of the infrastructure bill next week, which would benefit JNPR.
There's also activist pressure to split the company, which could send shares higher.
Here's what I'm doing…
Buy-to-open the JNPR September 17, 2021, $29/$31 call spread
At last glance, this is trading at $.60 per spread.
Let’s manage our risk before entry and I’ll keep you updated every step of the way.