Boston Scientific Corp. (BSX) announced the availability of new options expiring on September 4, 2023. Notably, a put contract at the $35.00 strike price has a current bid of $0.05, providing a potential cost basis of $34.95 per share for investors, a notable 19% discount from the current trading price of $43.07. The likelihood of this put option expiring worthless is estimated at 82%.
Additionally, a call contract at the $44.00 strike price is available with a bid of $0.60. If exercised, this would yield a total return of 3.55% for investors selling shares at the strike price. However, there’s a 51% chance this call could expire worthless, allowing investors to retain both their shares and the premium.
Implied volatility for the put is at 79%, while the call’s is at 50%. The actual trailing twelve-month volatility for Boston Scientific has been calculated at 37%.
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