Mixed options sentiment in Centene (CNC), with shares up 46c, or 1.8%, near $25.71. Options volume relatively light with 30k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.68. Implied volatility (IV30) dropped 4.79 near 43.71,in the top quartile of the past year, suggesting an expected daily move of $0.71. Put-call skew steepened, indicating increased demand for downside protection.
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- Mixed options sentiment in Centene with shares up 0.92%