Bullish option flow detected in Cigna with 5,105 calls trading, 1.5x expected, and implied vol increasing over 1 point to 26.05%. 12/29 weekly 280 calls and 12/29 weekly 265 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.37. Earnings are expected on February 2nd.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CI:
- Cigna to reaffirm FY23 adjusted EPS view ‘at least’ $24.75, consensus $24.83
- JPMorgan managed care/facilities analyst holds analyst/industry conference call
- Cigna- Humana merger has significant long-term strategic merit, says Stephens
- M & A News: Cigna (NYSE:CI) Plunges after Potential Humana Merger
- Cigna down 4% after WSJ report on merger talks with Humana