BSX (BSX) options memo

The Read

BSX is up 2.33% today at $50.46.

Options traders lean neutral into 2026-08-14, and neutral further out.

A move through $40.50 would change how dealers hedge this stock.

Key numbers

• Spot: $50.46
• Lean: neutral
• Nearest expiry: Fri 8/28
• Implied move: 2.1%
• ATM implied volatility: 40.1%
• Max pain: $49.50
• Pin strike: $49.00
• Gamma flip: $45.70
• Dealer positioning: LONG GAMMA
• Call wall: $49.00
• Put wall: $49.00
• Put/call open interest: 0.923