Call Options on BSX on 5/26/2020

Boston Scientific Corporation (BSX) develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

It operates through three segments: MedSurg, Rhythm and Neuro, and Cardiovascular.

The company offers devices to diagnose and treat gastrointestinal and pulmonary conditions; devices to treat various urological and pelvic conditions; implantable cardioverter and implantable cardiac resynchronization therapy defibrillators; pacemakers and implantable cardiac resynchronization therapy pacemakers; and remote patient management systems.

It also provides medical technologies to diagnose and treat rate and rhythm disorders of the heart comprising 3-D cardiac mapping and navigation solutions, ablation catheters, diagnostic catheters, mapping catheters, intracardiac ultrasound catheters, delivery sheaths, and other accessories; spinal cord stimulator systems for the management of chronic pain; indirect decompression systems; and deep brain stimulation systems.

In addition, the company offers interventional cardiology products, including drug-eluting coronary stent systems used in the treatment of coronary artery disease; percutaneous coronary interventions products to treat atherosclerosis; intravascular catheter-directed ultrasound imaging catheters, fractional flow reserve devices, and systems for use in coronary arteries and heart chambers, as well as various peripheral vessels; and structural heart therapies.

Further, it provides stents, balloon catheters, wires, atherectomy systems to treat arterial diseases; thrombectomy and acoustic pulse thrombolysis systems, wires, and stents to treat venous diseases; and peripheral embolization devices, radioactive microspheres, ablation systems, and micro and drainage catheters to treat cancer. 

Last week, the company sold shares and bonds to shore up its financial situation. Shares are exected to head higher from present levels.

We will be trading June 19th Calls

Last Trade: $35.91

Trading Range: $24.10 to $46.62

Trade Buy 1 June $35.00 Call at $1.95 For a net debit of $1.95 Profit/Loss Analysis Breakeven at $36.95 Maximum profit is unbounded Maximum loss is ($195.00) at strike of $35.00 Closing Summary Sold 1 June $35.00 Call at $2.80

Position closed on 6/16/2020 at price of $2.80 with a 43.59% gain in 21 days.

Updates

6/16/2020 9:38:36 AM

BSX $35 Call Option closed at $2.80.

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