You cannot use theoption to modify the junction path. Instead, you create a new junction in the new location, then delete the old junction.
(Optional) Get a copy of the effective rights on the old junction to help with settings on the junction in its new location.
Browse to locate and select the current junction.
Do one or both of the following:
Select all trustees, then click.
When you create the new junction that points to this target, you can use theoption to set the rights on the new junction.
Print the trustees and trustee rights settings to use as a reference when you create the new junction.
In iManager, click, then create a new junction in the new location.
Click, then browse to locate and delete the old junction.