Boston Scientific Corp (BSX) $5.72 -2.05%
Boston Scientific (BSX) loses 12 cents to $5.72 and options volume on the medical device-maker is running 2X the daily average, being led by a block of 9700 Jan 7.5 calls at the 41-cent asking price. More than 11,000 now traded. Separately, a multi-exchange sweep of 3939 April 7 calls traded on BSX at the 7-cent asking price. 16,000 calls an d 3,240 calls now traded in the name and levels of implied volatilitiy are up 16.5 percent to 42.5. Some investors might be taking positions in BSX upside calls on the view the five-day 9.9 percent losing skid in the underlying is overdone. Earnigns were last reported on 2/2.
Category: All Stocks, Health Care Equipment & Services, Mid Cap Stocks
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About the Author (Author Profile)
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.
