Bearish flow noted in Centene (CNC) with 3,182 puts trading, or 3x expected. Most active are Feb-25 57.5 puts and Mar-25 52.5 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 16.32, while ATM IV is up over 10 points on the day. Earnings are expected on April 25th.
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