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: Mar 19, 2027
Days to expiration: 159
Share price: $65.36
Put/call ratio (OI): 1.05
Put/call ratio (volume): 1.22
ATM implied volatility: 46.2%
Expected move: ±$19.93
Open interest (C / P): 4.67K / 4.92K

CNC options summary

The CNC options chain for the March 19, 2027 expiration lists 28 call and 26 put contracts, with 159 days until expiration. Open interest stands at 4,668 calls and 4,920 puts, a put/call ratio of 1.05, which is fairly balanced between calls and puts. At-the-money implied volatility near the $65.00 strike is 46.2%, which implies the market expects a move of about ±$19.93 (30.5%) in Centene stock by expiration.

The most open interest sits at the $40.00 call (1.01K contracts) and the $52.50 put (1.49K contracts).

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

CNC options chain · March 19, 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
—	—	—	—	—	—	17.50	0.01	1.30	0.94	126.4%	—	1
5	5	108.6%	19.15	43.90	47.85	20.00	—	—	—	—	—	—
5	5	105.8%	21.31	41.55	45.60	22.50	0.00	1.21	1.18	102.0%	1	26
0	—	99.9%	25.96	39.15	43.25	25.00	0.00	0.00	0.14	25.0%	5	0
16	2	102.3%	27.80	37.40	40.95	27.50	0.00	0.37	0.08	67.4%	6	84
23	1	93.4%	36.15	35.30	38.05	30.00	0.01	0.20	0.14	56.1%	22	82
84	2	112.0%	35.80	34.80	37.00	32.50	0.00	0.26	0.23	52.4%	2	136
25	3	83.5%	31.20	30.75	33.30	35.00	0.01	0.34	0.24	56.3%	6	36
9	1	95.1%	30.09	29.75	32.25	37.50	0.16	0.39	0.29	52.3%	3	15
1,012	3	68.1%	23.98	25.75	28.15	40.00	0.23	0.56	0.69	51.1%	6	11
14	5	68.3%	23.80	23.60	26.40	42.50	0.22	1.03	0.76	53.9%	1	16
103	5	66.9%	25.45	21.80	24.20	45.00	0.68	1.11	0.89	49.4%	1	262
12	1	75.5%	23.00	21.00	23.40	47.50	0.99	1.47	1.27	48.2%	1	9
306	1	57.3%	18.25	17.70	19.10	50.00	1.52	1.87	2.10	46.7%	1	525
0	2	—	17.25	0.00	0.00	52.50	2.04	2.46	2.50	46.1%	2	1,486
83	2	57.2%	14.97	13.85	16.40	55.00	2.71	3.00	2.84	44.3%	3	432
28	18	54.2%	11.40	12.45	14.00	57.50	3.15	3.95	3.95	44.6%	1	201
300	6	50.7%	9.58	10.45	12.15	60.00	4.25	4.85	4.40	43.8%	1	656
105	23	51.0%	10.11	9.50	10.65	62.50	5.15	5.85	6.05	42.7%	4	277
557	3	50.6%	8.92	7.80	8.85	65.00	6.35	7.00	6.68	41.8%	1	172
CNC $65.36
210	2	50.0%	7.50	6.20	7.70	67.50	7.50	8.50	7.90	42.2%	1	154
338	15	55.1%	6.20	5.65	7.65	70.00	9.15	11.00	11.57	47.7%	94	92
191	1	50.4%	5.50	4.55	6.00	72.50	10.70	11.60	13.32	41.4%	94	198
267	99	53.1%	4.90	3.70	5.70	75.00	12.40	13.45	11.95	41.7%	1	41
725	1	52.6%	2.69	2.86	4.35	80.00	17.00	17.85	18.25	45.3%	—	4
195	1	53.3%	1.50	2.07	3.45	85.00	19.45	21.55	22.75	42.1%	1	3
12	3	50.9%	1.44	1.30	2.35	90.00	23.85	25.75	24.55	40.0%	—	1
29	1	50.9%	1.13	0.65	1.77	95.00	—	—	—	—	—	—
14	1	51.9%	0.62	0.58	1.43	100.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the CNC put/call ratio based on open interest is 1.05 (4,920 puts vs 4,668 calls), and 1.22 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 March 19, 2027 is about 46.2%, 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.