Traders are looking for Boston Scientific to resume its recent rebound.
Boston Scientific rose 1.36 percent yesterday to close at $5.97. Shares of the slow-moving medical-device company rallied from a long-term low of $5 to $6 between mid-December and mid-January and have been consolidating since then.
OptionMonster’s tracking systems show that 5,450 March 6 calls changed hands yesterday, compared with previous open interest of 2,056 contracts at that strike. The options traded in a heavy buying pattern for premiums of $0.20 to $0.25.