Boston Scientific Group Option Trade Blog

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Boston Scientific Group Option Trade Blog Title: Trade: Boston Scientific Group
Stock: Boston Scientific
Symbol: BSX
Option Symbol: BSXTE
Reason for Initiation: Downtrending, down by about 15-20%in 1 year. Below 28 Days Moving Average. Fractal Sell.
Action: Long Put (equivalent to short underlying)
Details: Put: Strike @25, expiration Aug, Sold on 2nd Mar 06. Bought on 8 Mar 06.
Result: Slight +ve
Reason for Closing: Price did not move substantially right after position initiation.
Comment: Still have short call position (another position) remains open. Trade executed before fractal but turn out well. Stock moves down in line with broader market.
Boston Scientific Corporation Option Trade Blog - Short Call initiated on 3 Apr 06
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