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 21, 2028
Days to expiration: 468
Share price: $65.36
Put/call ratio (OI): 0.43
Put/call ratio (volume): 0.99
ATM implied volatility: 45.1%
Expected move: ±$33.39
Open interest (C / P): 12.07K / 5.21K

CNC options summary

The CNC options chain for the January 21, 2028 expiration lists 29 call and 29 put contracts, with 468 days until expiration. Open interest stands at 12,073 calls and 5,212 puts, a put/call ratio of 0.43, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $65.00 strike is 45.1%, which implies the market expects a move of about ±$33.39 (51.1%) in Centene stock by expiration.

The most open interest sits at the $70.00 call (3.87K contracts) and the $22.50 put (1.29K contracts).

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

CNC options chain · January 21, 2028

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
21	4	84.2%	49.65	46.50	51.50	17.50	0.00	1.46	0.17	75.6%	7	66
403	1	86.3%	52.00	45.30	49.00	20.00	0.00	0.53	0.28	56.0%	113	139
8	2	82.8%	45.00	42.50	47.50	22.50	0.01	0.57	0.44	51.6%	1	1,286
1,152	1	80.7%	42.95	41.95	44.00	25.00	0.02	1.19	1.15	54.2%	1	132
2,363	1	70.8%	41.00	38.60	41.75	27.50	0.00	0.00	0.85	12.5%	1	0
0	30	—	37.61	0.00	0.00	30.00	0.60	1.05	0.82	51.3%	1	331
46	1	71.4%	33.11	35.35	38.00	32.50	0.52	1.20	1.01	48.6%	10	55
1,448	1	67.1%	29.96	33.30	35.50	35.00	1.10	1.57	1.50	47.9%	3	207
102	3	63.4%	29.47	30.35	34.00	37.50	0.00	0.00	2.16	12.5%	1	0
237	5	64.1%	26.41	29.40	32.00	40.00	0.00	0.00	2.70	12.5%	2	0
41	1	61.9%	28.33	27.55	30.00	42.50	2.40	3.95	3.00	51.1%	2	33
173	2	59.8%	24.20	25.25	28.50	45.00	2.90	4.55	3.00	49.7%	2	41
151	2	58.0%	24.67	24.05	26.10	47.50	3.00	5.50	4.20	49.8%	1	49
413	2	53.9%	20.00	21.55	24.00	50.00	3.15	6.00	4.70	47.5%	4	783
45	7	56.9%	17.70	20.80	23.50	52.50	4.95	6.00	5.50	42.9%	2	27
172	42	56.0%	19.24	19.40	22.00	55.00	4.75	7.60	7.20	45.0%	1	206
9	1	53.0%	17.03	17.00	20.50	57.50	6.65	7.50	8.20	40.0%	7	605
107	4	52.8%	16.40	16.60	18.55	60.00	7.65	9.55	9.25	42.9%	13	172
60	1	53.7%	13.80	15.50	18.00	62.50	8.45	9.75	10.60	38.8%	1	156
303	2	50.8%	12.67	13.75	16.15	65.00	9.95	11.35	10.45	39.5%	1	120
CNC $65.36
116	10	50.6%	14.36	12.35	13.95	67.50	11.35	12.30	13.40	37.6%	5	59
3,873	1	50.0%	12.50	12.30	12.90	70.00	11.90	13.70	15.52	37.0%	2	431
19	1	53.5%	10.00	9.70	13.10	72.50	14.25	16.00	14.90	39.2%	1	136
129	6	49.2%	9.45	10.15	11.05	75.00	15.80	16.75	17.50	35.9%	3	111
228	54	48.5%	9.95	8.30	9.45	80.00	19.00	20.10	18.34	34.8%	13	55
148	7	48.0%	7.25	5.95	8.10	85.00	22.75	23.80	23.55	33.9%	1	0
89	9	47.9%	5.50	5.75	7.00	90.00	24.40	27.75	27.50	33.1%	2	7
19	1	47.3%	5.55	4.75	5.95	95.00	33.40	35.55	34.58	47.2%	—	5
198	2	47.0%	4.60	3.40	5.10	100.00	—	—	36.68	—	—	—

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 21, 2028 expiration, the CNC put/call ratio based on open interest is 0.43 (5,212 puts vs 12,073 calls), and 0.99 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 21, 2028 is about 45.1%, 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.