MomentumOptions.com Profit Alert (JNPR) for 7/14/2021

12:25pm (EST)

I have a Profit Alert today for one of our current trades so let’s go check the tape.

Profit Alert!

Juniper Networks (JNPR, $27.92, up $0.47)

JNPR August 28 calls (JNPR210820C00028000, $1.05, up $0.20)

Entry Price: $0.70 (7/7/2021)
Exit Target: $1.40
Return: 50%
Stop Target: 85 cents (Stop Limit)

Action: Close half the trade at current levels. Set a Stop Limit at 85 cents on the other half.

I believe shares can make a run towards $30 by mid-August and we can still make a triple-digit profit on this trade. However, if $28 continues to hold and shares fade, we will lock-in a nice double-digit profit.