Puts Purchased on Illumina, Inc. (ILMN)

Shares of Illumina, Inc. ILMN are higher on the session by 1.02%, currently trading at $66.17. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the January $65.00 put was purchased 1,000 times, on the offer, on open interest of only 187 contracts. This signals new positioning on the name. Overall put volume is now running at 3.93x the daily average with 88% of all puts traded being purchases on the offer. Illumina, Inc. is a developer, manufacturer, and marketer of integrated systems for the analysis of genetic variation and biological function. The company provides a line of products and services that serve the sequencing, genotyping, and gene expression markets.