Moderately bullish activity in Centene (CNC), with shares up $1.68, or 6.22%, near $28.61. Options volume roughly in line with average with 52k contracts traded and calls leading puts for a put/call ratio of 0.18, compared to a typical level near 0.8. Implied volatility (IV30) is higher by 2.5 points near 46.79,in the top quartile of the past year, suggesting an expected daily move of $0.84. Put-call skew steepened, indicating increased demand for downside protection.
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