Bearish flow noted in Centene (CNC) with 2,764 puts trading, or 5x expected. Most active are 12/13 weekly 57 puts and 12/6 weekly 57 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 5.24, while ATM IV is up over 1 point on the day. Earnings are expected on February 4th.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNC:
- Insurers collected billions in premiums from Medicare for veterans, WSJ says
- CMS raises MA star ratings for UnitedHealthcare, Centene, MH reports
- RBC sees little cause for concern over CMS’ proposed part D GLP-1 coverage rule
- Trump Trade: Transition team weighing White House crypto role
- Kennedy Jr. considers upheaval to U.S. Medicare billing system, FT says