Bearish flow noted in Centene with 2,819 puts trading, or 3x expected. Most active are 6/2 weekly 59 puts and Apr-23 60 calls, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
Published first on TheFly
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