Boston Scientific Corporation
Option Trade Blog

Chart 1: Boston Scientific Corporation Yearly Chart

Chart 2: Quarterly Chart

Charts courtesy of StockCharts.com

Title: Boston Scientific Corporation Option Trade Blog

Blog Date: 3 Apr 06

Business Description: Business Nature - The company engages in the development, manufacture, and marketing of medical devices. The company's products are offered by three groups: Cardiovascular, Endosurgery, and Neuromodulation. The company markets its products through direct sales force, and a network of distributors and dealers. Geographical operations: Products are that are used in interventional medical specialties mainly in Europe, Japan, and Inter-Continental.

Symbol: BSX

Option Symbol: BSXDE

Option Description: Type: Call, Expiration: Apr, Strike Price: 25

Reason for Initiation: Down-trending, down by about 20% in 1 year, 40+% in 2 years.

Action: Short Call (equivalent to Short Stock)

Details: Sold to open position on 2nd Mar 06. Closed position on 30th Mar 06.

Result: +ve

Reason for Closing: Objective met.

Comments:
* Position initiated when price crosses below 28 days moving average. It was a little early but turn out fine.
* Price promptly moves down to lowest (over the trading period) at 22.50 on 16 Mar 06.
* There was a price recovery over the period 16 Mar - 24 Mar 06 but did not hit trailing stop, follow by a dip again thereafter.
* Exited position when target is achieve - decided not to go for final squeeze.
* Action Plan: Wait for the next train to board.

Boston Scientific Group Option Trade Blog - Long Put Initiated on 2nd Mar 06

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