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.
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