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ILMN Implied Volatility, IV Rank & Options Chain

Illumina Inc. (ILMN) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Illumina Inc.

Updated Reference data

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On this page
  1. Key facts
  2. Company overview
  3. Options market
  4. Volatility profile
  5. GEX analysis
  6. Common strategies
  7. FAQ

ILMN options trade with implied volatility typically in the 25% - 65% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

ILMN implied volatility

As of 2026-10-26

As of 2026-10-26, ILMN's 30-day implied volatility is 70.2%, placing its 1-year IV percentile at 96.0 — above 96.0% of the past year's daily IV readings, an elevated, premium-selling regime favoring credit spreads, iron condors and short strangles.

70.2%30-day IV
96.01-year IV rank

ILMN live chain, Greeks and GEX

Terminal

Every figure above is reference data. The live ILMN chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.

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ILMN options at a glance

Daily volume
N/A
IV range
25% - 65%
Bid-ask spread
N/A
Expirations
Weekly, monthly, LEAPS
Open interest
N/A
Next earnings
See earnings calendar
GoodLiquidity
25% - 65%IV Range
$20B+Market Cap
YesWeeklies

About Illumina Inc. (ILMN)

Illumina is the global leader in DNA sequencing and array-based technologies. The company's platforms power genomic research, clinical diagnostics, and precision medicine initiatives.

Company profile

Sector
Healthcare
Industry
Medical Instruments
Market cap
$20B+
Exchange
NASDAQ

Key dates

Next earnings
See earnings calendar
Earnings frequency
Quarterly
Dividend schedule
See company page
Fiscal year end
December

Illumina Inc. operates in the Healthcare sector.

ApexVol Terminal

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Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.

  • Live chains and Greeks
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  • Expected move and GEX
  • Screener and strategy P&L
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ILMN options market overview

ILMN options provide good liquidity for options traders.

Average daily volume
N/A
Total open interest
N/A
Put/call ratio
N/A
Typical ATM spread
N/A
Weekly options
Available
LEAPS available
Yes

Liquidity assessment: Good

ILMN options are available for trading across multiple expirations.

ILMN implied volatility and IV rank

ILMN implied volatility reflects inherent uncertainty in healthcare outcomes, clinical trials, and regulatory decisions. IV patterns follow earnings and FDA catalysts.

25% - 35%Low IV, below average
35% - 55%Typical, normal conditions
55% - 65%Elevated, above average

Earnings impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short ILMN options should also understand early assignment risk around dividends and expiration.

Historical volatility vs IV

ILMN IV generally trades near historical volatility, with premiums expanding around earnings.

Term structure

Typically upward sloping under normal conditions.

The smile, the term structure and the cone for ILMN, on today's chain.

Open ILMN in IV Intelligence

ILMN gamma exposure (GEX)

Gamma Exposure analysis for ILMN reveals dealer hedging dynamics at key strike levels.

  • Typical GEX profile. ILMN tends to operate in a positive gamma environment during normal conditions.
  • Key levels.
  • Dealer hedging.

Where the gamma sits on ILMN right now, strike by strike.

See live ILMN GEX

Common ILMN options strategies

These are strategies commonly used by traders on ILMN options, based on typical market characteristics. This is not investment advice.

Key considerations for ILMN options

  • ILMN options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

ILMN key events

Earnings months. January, April, July, October

ILMN options data by API, or in Claude

Every number on this page is one request away. The implied volatility API returns ILMN's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.

GET /api/mcp/data/iv-rank/ILMNBearer token, JSON back
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
     "https://apexvol.com/api/mcp/data/iv-rank/ILMN"
In Claudethrough the MCP server
You

What is ILMN's IV rank right now, and where is its gamma flip?

Claude calls get_iv_rank and get_gex

Try GEX on ILMN in the console, more prompts for ILMN, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.

Written by
ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use.
Reviewed by
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.

Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →

Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.

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Questions

Frequently asked
about ILMN options.

What is ILMN's typical implied volatility?

ILMN implied volatility typically ranges from 25% - 65%.

Does ILMN have weekly options?

ILMN offers weekly options.

What is ILMN's options trading profile?

ILMN (Illumina Inc.) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 25% - 65% range. The position sits in the Healthcare category for portfolio diversification and options strategy design.

How does ILMN implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on ILMN?

Popular strategies on ILMN options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 25% - 65% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is ILMN's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence ILMN's intraday price action. ILMN tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live ILMN GEX levels and the gamma-flip point on ApexVol.

What is ILMN's IV rank?

ILMN's IV rank shows where ILMN's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. ILMN implied volatility typically ranges from 25% - 65%. Check ILMN's live IV rank and percentile on ApexVol's IV analytics.

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