Option traders moderately bearish in Centene (CNC), with shares down 22c near $25.36. Options volume relatively light with 42k contracts traded and puts leading calls for a put/call ratio of 1.74, compared to a typical level near 0.69. Implied volatility (IV30) is higher by 3.1 points near 44.12,in the top quartile of the past year, suggesting an expected daily move of $0.70. Put-call skew flattened, suggesting a modestly bullish tone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNC:
- Mixed options sentiment in Centene with shares up 1.8%
- Judges reject 2 cases challenging Medicare negotiation, The Hill reports
- UnitedHealth’s (UNH) New CFO Wayne DeVeydt Cuts Ties with Rival Centene
- Centene Director Wayne DeVeydt Resigns Effective Immediately
- Centene price target lowered to $28 from $33 at Morgan Stanley