Bearish flow noted in Centene with 3,200 puts trading, or 2x expected. Most active are 6/2 weekly 58 puts and 4/28 weekly 64 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 3.54, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 25th.
Published first on TheFly
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