Illumina Sees Bullish Options Trade

Ilumina ILMN, the maker of integrated systems for the analysis of genetic variation and biological function, is seeing some bullish options trade today with the sale of about 2,500 May 40 puts against open interest of just 295 contracts. The $40 range appears to have become support for the stock after the shares gapped higher last month on a strong earnings report. Those puts expire next Friday, May 21.