Whales with a lot of money to spend have taken a noticeably bullish stance on Boston Scientific.
Looking at options history for Boston Scientific BSX we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $581,474 and 7, calls, for a total amount of $816,242.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $72.5 and $80.0 for Boston Scientific, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Boston Scientific's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Boston Scientific's significant trades, within a strike price range of $72.5 to $80.0, over the past month.
Boston Scientific Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BSX | CALL | TRADE | BEARISH | 08/16/24 | $3.1 | $3.0 | $3.0 | $75.00 | $300.0K | 2.5K | 307 |
| BSX | CALL | SWEEP | BULLISH | 08/16/24 | $3.1 | $2.95 | $3.1 | $75.00 | $289.2K | 2.5K | 1.3K |
| BSX | PUT | TRADE | BEARISH | 07/19/24 | $0.95 | $0.9 | $0.95 | $75.00 | $237.5K | 18.9K | 139 |
| BSX | CALL | SWEEP | BULLISH | 08/16/24 | $1.6 | $1.45 | $1.6 | $80.00 | $97.3K | 18.0K | 94 |
| BSX | PUT | SWEEP | BEARISH | 08/16/24 | $2.2 | $2.15 | $2.2 | $75.00 | $79.7K | 4.6K | 693 |
About Boston Scientific
Boston Scientific produces less invasive medical devices that are inserted into the human body through small openings or cuts. It manufactures products for use in angioplasty, blood clot filtration, kidney stone management, cardiac rhythm management, catheter-directed ultrasound imaging, upper gastrointestinal tract diagnostics, interventional oncology, neuromodulation for chronic pain, and treatment of incontinence. The firm markets its devices to healthcare professionals and institutions globally. Foreign sales account for nearly half of the firm's total sales.
Following our analysis of the options activities associated with Boston Scientific, we pivot to a closer look at the company's own performance.
Where Is Boston Scientific Standing Right Now?
- With a trading volume of 9,408,216, the price of BSX is down by -2.4%, reaching $75.55.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 6 days from now.
What The Experts Say On Boston Scientific
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $86.2.
- An analyst from Citigroup has decided to maintain their Buy rating on Boston Scientific, which currently sits at a price target of $90.
- An analyst from TD Cowen persists with their Buy rating on Boston Scientific, maintaining a target price of $86.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Boston Scientific with a target price of $81.
- Consistent in their evaluation, an analyst from BTIG keeps a Buy rating on Boston Scientific with a target price of $84.
- An analyst from Truist Securities has decided to maintain their Buy rating on Boston Scientific, which currently sits at a price target of $90.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Boston Scientific, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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