Calendar Spread Trades in Sequenom (SQNM)

Shares of Sequenom Inc. SQNM are lower on the session by 2.99%, currently trading at $6.16. The stock has been moving largely sideways for the past three months, hugging the $6.00 level. It appears that one trader is betting the stock continues to move sideways for the next few months. The July/December $7.00 calendar spread was executed 4,062 times for $1.00 earlier in the session. It appears that the July contracts were bought and the December contracts were sold. Call volume is now running at 3.33x the daily average. Sequenom, Inc. is a diagnostic testing and genetics analysis company. The Company is focused on providing products, services, diagnostic testing, applications and genetic analysis products that translate the results of genomic science into solutions for biomedical research, translational research, molecular medicine applications, and agricultural, livestock and other areas of research.