Centene put volume heavy and directionally bearish

Bearish flow noted in Centene with 13,604 puts trading, or 20x expected. Most active are Oct-24 66 puts and Nov-24 65 calls, with total volume in those strikes near 12,700 contracts. The Put/Call Ratio is 4.93, while ATM IV is up nearly 6 points on the day. Earnings are expected on October 25th.