Options Brief: Illumina (ILMN)

ILMN – Illumina, Inc. – Plain-vanilla call buying activity on the biotechnology firm today indicates options investors are positioning for continued appreciation in the price of the underlying stock through August expiration. Illumina’s shares rallied 2.50% during the session to $43.53 by 2:20 pm (ET). Bullish traders purchased approximately 2,700 calls at the August $45 strike for an average premium of $1.65 per contract. Investors long the calls make money if Illumina’s shares increase another 7.15% from the current price of $43.53, surpass the current 52-week high on the stock at $45.72, and trade above the average breakeven price of $46.65 by August expiration.

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

Interactive Brokers: Interactive Brokers offers direct market access to around 80 electronic global markets from a single account. Successful traders and investors understand that superior technology and lower trading costs can result in greater returns. For 32 years we have been building direct access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of US $4.4 billion, IB and its affiliates exceed 1,000,000 trades per day. In addition, our prudent and conservative risk policies make Interactive Brokers a safe haven for your money. Discover some of the reasons why IB, the largest independent US broker/dealer, is the professional traders' and investors' choice.

Visit: Interactive Brokers

Be the first to comment

Leave a Reply

Your email address will not be published.


*