Notable Put Options Activity in Boston Scientific

Shares of Boston Scientific

are higher on the session by 1.67%, currently trading at $5.48. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the November 2011 $7.00 put traded 1,500 times on open interest of 12,290 contracts. The Nov2011 $6.00 put also trade 1,500 times on 16,547 contracts. Put volume is outpacing call volume by 6 to 1. Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties.