Investors in Boston Scientific Corp. (BSX) now have new options available for expiration on September 25th, 2023. Two contracts of note include a put option at a $49.00 strike price, with a current bid of $0.65, offering a cost basis of $48.35 per share if executed. This put option represents a 1% discount to the current trading price of $49.30, implying a 58% chance of expiring worthless.
Additionally, a call option at the $50.00 strike price has a bid of $0.95. If an investor buys BSX shares at $49.30 and sells this call, they could realize a total return of 3.35% if the stock is called away. This call option also carries a 48% chance of expiring worthless.
The implied volatility for the put option is 42% and 40% for the call option. The actual trailing twelve-month volatility is calculated at 37%, providing investors context for the potential performance of these new options.
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