Whales with a lot of money to spend have taken a noticeably bullish stance on Centene.
Looking at options history for Centene (NYSE: CNC) we detected 28 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $439,754 and 24, calls, for a total amount of $2,196,457.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $55.0 for Centene over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Centene’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Centene’s whale trades within a strike price range from $25.0 to $55.0 in the last 30 days.
Centene Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CNC | CALL | TRADE | BULLISH | 01/21/28 | $15.8 | $15.7 | $15.8 | $25.00 | $303.3K | 346 | 194 |
| CNC | CALL | TRADE | BEARISH | 01/15/27 | $13.7 | $13.6 | $13.6 | $25.00 | $261.1K | 71.4K | 564 |
| CNC | CALL | SWEEP | BEARISH | 01/15/27 | $14.0 | $13.9 | $13.9 | $25.00 | $191.8K | 71.4K | 300 |
| CNC | CALL | TRADE | BULLISH | 01/15/27 | $8.5 | $8.4 | $8.5 | $35.00 | $170.0K | 5.0K | 521 |
| CNC | PUT | SWEEP | BULLISH | 09/26/25 | $2.3 | $2.3 | $2.29 | $37.00 | $159.9K | 379 | 696 |
About Centene
Centene is a managed care organization that focuses on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 22 million medical members as of December 2024, mostly in Medicaid (about 60% of membership), the individual exchanges (about 20%), and Medicare (about 5%). The company also has a military contract and provides Medicare Part D pharmaceutical plans.
Present Market Standing of Centene
- With a trading volume of 5,833,297, the price of CNC is up by 2.31%, reaching $35.19.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 28 days from now.
What Analysts Are Saying About Centene
In the last month, 4 experts released ratings on this stock with an average target price of $35.75.
Unusual Options Activity Detected: Smart Money on the Move
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* An analyst from Barclays persists with their Equal-Weight rating on Centene, maintaining a target price of $33.
* Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Centene, targeting a price of $39.
* Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Centene, targeting a price of $35.
* Maintaining their stance, an analyst from Bernstein continues to hold a Outperform rating for Centene, targeting a price of $36.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Centene with Benzinga Pro for real-time alerts.
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