Unusual Options Activity: Traders Bet Illumina, Inc. (ILMN) Will Rebound From Today's Selloff

Last Updated: Friday, October 25, 2019 3:40 PM | Michael Fowlkes

Unusual Options Activity

Traders are betting Friday that Illumina, Inc. (ILMN) will start to rebound after today's selloff. The stock is down 7.9% in today's trading after the company reiterated its 2019 growth outlook, signaling weaker growth than analysts had previously expected . So far today, 5,066 contracts of the March 310 call have changed hands, against open interest of just 46 contracts.

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