Defensive Trading Ahead of Juniper Network's Q2 Earnings

Juniper Network Inc.

is slated to release Q2 earnings after the bell today and Option Trading so far suggests a Bearish tone. Put volume is running nearly 6 times Call volume so far today with the August 14 strike recieving the most attention. One block of 4,500 contracts was purchased to open at $0.48, helping push total volume in that strike to more than 10k. Overall contract volume is already nearly 3 times the Company's daily contract activity. Today's trades would need the stock to trade below it's current 52 week low of $14.01 over the coming weeks to show any profits.