**Boston Scientific Corp. (BSX) has introduced new options for expiration on June 26, 2023.** Key highlights include a put contract at a $57.00 strike price with a bid of $0.65, allowing investors to potentially lower their cost basis to $56.35. This position offers an approximate 1% discount to the current trading price of $57.38, with a 56% probability of expiring worthless. If it does expire worthless, the premium would yield a 1.14% return, annualized at 8.32%.
On the call side, a contract at a $61.00 strike price has a current bid of $1.15. Investors purchasing shares at $57.38 and selling this covered call could see a total return of 8.31% if the stock gets called away. The $61.00 strike represents about a 6% premium to the current price, with a 60% chance of expiring worthless. If that occurs, the premium would add a 2.00% return, yielding 14.63% annually. Implied volatilities for the put and call contracts are 35% and 44%, respectively.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
