lllumina (ILMN) adds 76 cents to $32.49 and options order flow on the San Diego biotechnology company is bullish today after the company appointed former Senior VP of Finance at Pfizer Marc Stapley to the post of SVP and CFO. 4,350 calls and 390 puts traded on the stock. Jan 35 calls, which are 7.4 percent OTM and expiring in 16 days, are the most actives. 1,015 traded (56 percent Ask). Another 1,008 Jan 30s changed hands (99 percent Ask). Jan 27, 33 and 47 calls on ILMN are seeing interest as well. Implied volatility is up 6.5 percent to 69. The company will be presenting at a JP Morgan Healthcare Conference on 1/10. Earnings were last reported on 10/25.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.