Shares of Boston Scientific Corp. (BSX) are up .03 to 12.37 today. ?BSX is in the middle of the 52 week range.
Today paper traded 2000 BSX Aug/Sep 13 put spreads for .11. ?The ADV is 1905 contracts.? The OI is 7713 and 1689 contracts.
The volume went up in 4 blocks marked spread.? This trade is a straight put roll on the Aug 13 strike to the Sep 13 strike.? Paper is buying in the short Aug and rolling out to short the Sep so the trader is looking for higher prices in BSX. BSX has spent most of the last 6 months around 12.75 so the strategy has worked out so far.
30-day implied volatility is 26%.?? 10-day implied volatility is 32%.? 30 day implied volatility is trading below the 10 realized volatility.
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties.