Juniper rallies following $59.3M options bet

|About: Juniper Networks (JNPR)|By:, SA News Editor

An options buyer acquired 50K April '14 Juniper (JNPR +3.1%) calls featuring a strike price of 11 for $11.85/contract (total cost of $59.3M). The purchase helped the networking/security hardware vendor rally to new 52-week highs on volume that was nearly 3x its daily average.

The purchase comes ahead of Juniper's Jan. 23 Q4 report.

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