Bullish traders are betting on medical device maker Boston Scientific (BSX) Monday. Shares up 3 cents to $10.38 and the focus is in the short-term contracts. More than 10,500 July 10 calls traded. One player bought 4000 on the AMEX for 70 cents, according to contact on the exchagne floor. A block of 2,400 traded on the ISE for 65 cents, which was an opening customer buyer, according to sentiment data. Looks like bullish trading and bets that BSX will make a run higher before the July options expiration (18 days).
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.