Boston Scientific BSX (news,
chart,
quote) - BSX Puts active on hedging after GDT holders approve deal
BSX and GDT shareholders have approved BSX acquisition of GDT. BSX expects the deal to close "around the middle of April." Each share of GDT will be exchanged for $42 in cash and $38 in BSX stock. BSX April option implied volatility is at 29 & May implied volatitliy of 31 is near its 26-week average. BSX intra-day call option volume of 6,344 contracts compares to intra-day put volume of 26,387 contracts. Average option implied volatility suggests non-directional price fluctuations.
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