Bearish flow noted in Centene (CNC) with 3,890 puts trading, or 3x expected. Most active are May-26 30 puts and May-26 35 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.21, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 28th.
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