Schaeffer's Options Center
Sponsored by:
Schaeffer's Daily Option Blog

Boston Scientific Call Players Bank on Short-Term Gains

BSX speculators scoop up February-dated calls

by 1/3/2013 12:43 PM
Stocks quoted in this article:

Call players are targeting Boston Scientific Corporation (NYSE:BSX - 5.98) in today's session, with more than 6,900 contracts crossing the tape so far. By contrast, the stock typically sees fewer than 1,300 calls change hands during the course of an average day. Meanwhile, only 95 puts have traded on BSX, highlighting the unusually strong preference for bullishly oriented options.

The undisputed center of attention is BSX's February 6 call, where 6,089 contracts have been exchanged. The vast majority of these calls traded closer to the ask price, indicating they were purchased, and implied volatility on this option has jumped 4.7 percentage points at last check. Based on this data, it looks as though new calls are being bought to open at this strike today.

These contracts traded at a volume-weighted average price (VWAP) of $0.25, which means call buyers will break even if BSX rises to $6.25 (strike price plus VWAP) by February expiration. The shares are currently trading at $5.98, so they'll need to gain more than 4.5% before today's option bulls begin to see profits.


permalink

Featured Brokers
ADVERTISEMENT
Unusual Option Volume
Option Flow
ADVERTISEMENT
ADVERTISEMENT
Most Active Stocks
Most Active Option Strikes
Largest Open Interest

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.