Bearish Illumina Options Volume Rises as Shares Climb to Record
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Illumina Inc.’s put-options volume jumped to seven times the four-week average as the maker of DNA analysis equipment rose to a record after the shares more than doubled this year.
More than 2,500 puts to sell the stock changed hands, nine times the number of calls to buy, as of 11 a.m. in New York. January $65 puts accounted for more than two-thirds of all volume as the shares gained 1.2 percent to $66.30.