It’s been a big reversal in the broad markets today.
On Monday, we entered into the BSX calls.
Last night, the company announced it would be acquiring Lumenis LTD for $1.07 billion.
The news had a positive initial reaction, but that seems to have changed with shares under pressure.
This selling has triggered our stop loss and It's time to cut bait and move onto the next trade.
Here’s what we’re doing…
Sell-To-Close the Boston Scientific Corp (NYSE: BSX) March 19, 2021, $40.50 call (BSX210319C00040500) at the market.
Losing can be frustrating, but we’ll continue to follow the system and get them on the next one.
To your wealth, freedom & options!
Joshua M. Belanger