Looking At Illumina's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Illumina.

Looking at options history for Illumina ILMN we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $1,010,647 and 3, calls, for a total amount of $193,370.

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What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $175.0 for Illumina over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Illumina's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Illumina's whale activity within a strike price range from $115.0 to $175.0 in the last 30 days.

Illumina Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Illumina Standing Right Now?

• With a volume of 1,278,460, the price of ILMN is up 1.35% at $134.14.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 34 days.

What The Experts Say On Illumina:

• Barclays has decided to maintain their Underweight rating on Illumina, which currently sits at a price target of $100.
• Bernstein downgraded its action to Underperform with a price target of $111
• Evercore ISI Group downgraded its action to Outperform with a price target of $240
• Stifel has decided to maintain their Buy rating on Illumina, which currently sits at a price target of $200.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Illumina, Benzinga Pro gives you real-time options trades alerts.