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.
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
See today’s best-performing stocks on TipRanks >>
Read More on CNC:
- Centene raises 2024 adjusted EPS floor to $7.15 from $7.00
- Centene’s Health Net selected for new medi-cal direct contracts
- Humana keeps TRICARE East, Centene loses West region, says Wells Fargo
- TRICARE contract a win for Humana, loss for Centene, says Credit Suisse
- Early notable gainers among liquid option names on December 22nd