Centene (CNC) Options Chain

NYSE: CNCHealth CareMedical SpecialitiesUSD

65.36+0.82 (+1.27%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 97
Share price: $65.36
Put/call ratio (OI): 0.20
Put/call ratio (volume): 0.05
ATM implied volatility: 46.4%
Expected move: ±$15.62
Open interest (C / P): 120.28K / 24.21K

CNC options summary

The CNC options chain for the January 15, 2027 expiration lists 35 call and 30 put contracts, with 97 days until expiration. Open interest stands at 120,277 calls and 24,211 puts, a put/call ratio of 0.20, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $65.00 strike is 46.4%, which implies the market expects a move of about ±$15.62 (23.9%) in Centene stock by expiration.

The most open interest sits at the $25.00 call (32.94K contracts) and the $30.00 put (4.01K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CNC options chain · January 15, 2027

CNC calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
204	1	182.7%	51.00	49.65	52.45	15.00	0.00	2.05	0.02	200.6%	20	1,386
188	1	168.1%	46.60	47.25	50.00	17.50	0.00	0.00	0.05	50.0%	10	0
17,048	2	144.7%	45.33	45.20	46.75	20.00	0.00	0.00	0.01	50.0%	1	0
407	1	118.2%	43.55	42.80	43.65	22.50	0.00	0.09	0.05	85.9%	3	1,433
32,936	5,013	95.7%	40.80	40.35	40.75	25.00	0.00	0.11	0.03	80.1%	2	2,582
2,389	1	112.6%	39.90	37.80	39.35	27.50	0.00	0.10	0.03	71.9%	4	2,642
3,974	3	107.5%	36.50	35.15	37.30	30.00	0.01	0.11	0.05	66.4%	4	4,015
984	1	104.6%	28.96	32.65	35.30	32.50	0.00	0.13	0.04	60.9%	1	664
2,406	20	91.1%	27.53	29.75	32.85	35.00	0.00	0.32	0.10	63.0%	14	1,170
1,593	1	82.1%	25.60	27.15	30.40	37.50	0.03	0.20	0.09	53.8%	2	858
4,737	5	81.0%	26.94	25.50	27.70	40.00	0.05	0.22	0.23	54.0%	2	1,661
2,465	20	78.3%	20.44	23.25	25.55	42.50	0.15	0.34	0.21	52.6%	4	149
1,074	15	70.0%	18.89	20.90	22.85	45.00	0.18	0.50	0.40	51.1%	4	509
860	5	67.1%	19.94	18.65	20.75	47.50	0.36	0.71	0.67	49.4%	1	256
4,839	1	64.5%	16.30	16.45	18.75	50.00	0.47	0.89	0.95	46.3%	26	833
2,736	22	56.2%	16.96	13.95	16.15	52.50	0.99	1.37	1.50	46.5%	98	869
3,201	8	55.8%	11.35	12.20	14.30	55.00	1.47	1.87	1.88	45.4%	10	1,327
2,497	22	53.3%	10.40	10.40	12.30	57.50	2.16	2.52	2.14	44.4%	2	826
6,235	3	55.3%	9.56	8.35	10.10	60.00	2.95	3.35	4.75	43.8%	5	749
1,610	3	53.2%	8.40	7.45	8.50	62.50	3.90	4.45	4.49	44.0%	20	681
2,907	1	49.9%	6.65	6.10	6.85	65.00	5.00	5.55	6.25	42.8%	2	713
CNC $65.36
1,512	1	49.7%	5.51	4.95	5.75	67.50	6.35	6.90	6.34	42.3%	2	385
1,616	2	47.3%	4.44	4.05	4.50	70.00	7.85	8.40	8.30	41.7%	12	237
1,697	1	51.9%	3.75	3.20	4.30	72.50	9.50	10.05	9.95	41.0%	1	104
3,755	70	45.7%	2.89	2.44	2.85	75.00	10.95	12.10	13.87	42.5%	5	77
2,004	1	45.6%	2.05	2.01	2.28	77.50	12.25	14.05	15.80	42.2%	20	45
3,000	7	47.4%	1.94	1.44	2.02	80.00	14.75	16.10	16.80	41.9%	1	40
316	8	48.0%	0.73	1.23	1.68	82.50	46.00	50.00	44.85	278.8%	1	0
272	3	48.5%	0.57	0.97	1.40	85.00	48.55	51.90	47.40	280.4%	7	0
480	1	48.7%	0.67	0.50	0.92	90.00	—	—	—	—	—	—
180	1	50.9%	0.50	0.33	0.71	95.00	—	—	—	—	—	—
3,900	4	50.3%	0.27	0.18	0.44	100.00	58.00	62.50	66.53	260.7%	4	0
227	2	54.4%	0.25	0.11	0.43	105.00	—	—	—	—	—	—
1,628	2	51.1%	0.16	0.05	0.20	110.00	—	—	—	—	—	—
4,400	1	54.1%	0.09	0.02	0.19	115.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CNC put/call ratio?

For the January 15, 2027 expiration, the CNC put/call ratio based on open interest is 0.20 (24,211 puts vs 120,277 calls), and 0.05 based on today's volume. A ratio above 1 means more puts than calls.

What is CNC's implied volatility?

At-the-money implied volatility for CNC options expiring January 15, 2027 is about 46.4%, an annualized estimate of how much the market expects Centene stock to move.

How many CNC option expiration dates are there?

CNC has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.