Bearish flow noted in Centene with 2,172 puts trading, or 2x expected. Most active are Mar-23 70 puts and 2/10 weekly 70 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 7.57, while ATM IV is up over 1 point on the day. Earnings are expected on February 7th.
Published first on TheFly
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