Pre-earnings options volume in Illumina is 2.6x normal with calls leading puts 6:5. Implied volatility suggests the market is anticipating a move near 8.1%, or $11.68, after results are released. Median move over the past eight quarters is 7.8%.
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Read More on ILMN:
- Options Volatility and Implied Earnings Moves Today, February 08, 2024
- Illumina put volume heavy and directionally bearish
- ILMN Earnings this Week: How Will it Perform?
- Illumina chief revenue officer Nadeem Ahmed departs
- Illumina price target raised to $80 from $50 at Barclays
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