February 2026 Options Now Available For Boston Scientific (BSX)

Analysis of Boston Scientific Corp. (BSX) options reveals potential strategies for investors, including selling put options at the $100 strike to acquire shares at a lower cost basis with a 62% chance of expiring worthless and a potential annualized yield of 9.75%. Alternatively, selling covered call options at the $105 strike offers a potential 11.55% return if the stock is called away, with a 47% chance of the contract expiring worthless and an annualized yield boost of 11.94%; implied volatility for the put and call options are 28% and 27%, respectively, compared to the stock's trailing twelve-month volatility of 23%.

Analysis

The article details two options strategies for Boston Scientific Corp. (BSX), which is currently trading at $101.48 per share, presenting potentially attractive scenarios for investors with different objectives. Selling the $100.00 strike put contract, which has a bid of $6.60, offers a strategy to acquire shares at an effective cost basis of $93.40 if assigned, a discount to the current market price. There is a 62% assessed probability of this out-of-the-money put expiring worthless, in which case the collected premium would represent a 6.60% return on the cash commitment, or a 9.75% annualized yield. Alternatively, for investors holding or acquiring BSX shares, selling the $105.00 strike call contract with a bid of $8.20 as a covered call could generate income; if the stock is called away at the February 2026 expiration, this strategy would result in a total return of 11.55%. If this call contract expires worthless, a scenario with a 47% probability, the premium provides an 8.08% boost to returns, or an 11.94% annualized yield. A key observation is that the implied volatility for the put (28%) and call (27%) options is higher than BSX's actual trailing twelve-month volatility of 23%, indicating that options may be relatively richly priced, which typically benefits sellers.

Key Decisions for Investors

• Investors interested in acquiring BSX shares at a lower price than current market levels, or generating income, could consider selling the $100 strike puts, targeting an effective purchase price of $93.40 or a 9.75% annualized yield if the option expires worthless.
• For existing BSX shareholders or those initiating a position at $101.48, selling the $105 strike covered calls offers a method to generate additional income, potentially achieving an 11.94% annualized yield if the option expires worthless, or an 11.55% total return if called away by February 2026, though this strategy caps upside potential above $105.
• The elevated implied volatilities (28% for puts, 27% for calls) compared to BSX's 23% historical volatility suggest that option premiums are currently rich, which is advantageous for option sellers but also reflects market anticipation of increased price fluctuations; this factor should be integral to risk assessment.
• Evaluate the stated probabilities—62% for the $100 put expiring worthless and 47% for the $105 call expiring worthless—in conjunction with individual investment outlook for BSX and risk tolerance before implementing these option-based strategies.