Puts Sold on Illumina (ILMN)

Shares of Illumina Inc. ILMN are higher on the session by 2.15%, currently trading $42.38. The stock has been a relative outperformer as of late and has managed to hold the 50-day moving average as well. The stock is nearing its 52-week high. Puts are being sold on the name today with the June $40 put sold 3,400 times near the bid. Open interest on the strike is 1,276 contracts. Put volume is now running at 10.70x the daily average with zero put bought on the offer. Illumina, Inc. is a developer, manufacturer, and marketer of integrated systems for the analysis of genetic variation and biological functions.