Mixed options sentiment in Centene with shares up 0.92%

Mixed options sentiment in Centene (CNC), with shares up 24c, or 0.92%, near $25.77. Options volume relatively light with 14k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 0.61. Implied volatility (IV30) dropped 5.46 near 39.83,and above the 52wk median, suggesting an expected daily move of $0.65. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at Cantor Fitzgerald.