Investors in Boston Scientific Corp. (BSX) are presented with new options for expiration on June 12. A notable put contract at the $56.00 strike price shows a current bid of $0.30, allowing investors the opportunity to buy shares at an effective cost of $55.70, offering approximately a 1% discount to the current trading price of $56.68. This put has a 57% chance of expiring worthless, potentially providing a 0.54% return on cash commitment or a 4.55% annualized yield if it does.
On the call side, a $57.00 strike price contract is available with a bid of $0.50. If purchased alongside shares at $56.68, this could yield a 1.45% return if shares are called away at expiration. There is a 49% chance this covered call might also expire worthless, in which case investors would keep both their shares and the premium, translating to an extra return of 0.88% or 7.49% annualized yield. Current implied volatility for both contracts is approximately 36%.
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