Pre-earnings options volume in Illumina (ILMN) is 4.3x normal with calls leading puts 7:3. Implied volatility suggests the market is anticipating a move near 7.5%, or $11.64, after results are released. Median move over the past eight quarters is 4.5%.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ILMN: