Notable Put Options Activity in Illumina

Shares of Illumina

are higher on the session by 0.03%, currently trading at $29.45. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the December 2011 $28.00 put, which has traded 3,600 times on open interest of 10,262 contracts. Put volume is outpacing call volume by 9 to 1. Illumina, Inc. is a developer and manufacturer of life science tools and integrated systems for the analysis of genetic variation and function.