Centene Corp Stock Options
| CNC Stock | USD 74.81 0.48 0.65% |
Centene Corp's option chain provides insight into all available option contracts written on Centene Corp's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Centene Corp's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Centene option contract.
In The Money vs. Out of Money Option Contracts on Centene Corp
Analyzing Centene Corp's in-the-money options over time can help investors to take a profitable long position in Centene Corp regardless of its overall volatility. This is especially true when Centene Corp's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Centene Corp's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Centene Corp's stock while costing only a fraction of its price.
Centene Corp's latest option contracts expiring on 2024-05-10 are carrying combined implied volatility of 50.55 with a put-to-call open interest ratio of 10.08 over 94 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-05-10. The current put volume is at 389, with calls trading at the volume of 276. This yields a 1.41 put-to-call volume ratio. The Centene Corp option chain provides detailed quote and price information for the current Centene Corp option contracts. It shows all of Centene Corp's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-05-10 Option Contracts
Centene Corp option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Centene Corp's lending market. For example, when Centene Corp's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Centene Corp, he or she must hedge the risk by shorting Centene Corp stock over its option's life.
2024-05-10
The chart above shows Centene Corp's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Centene Corp's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Centene Corp's option, there is no secondary market available for investors to trade.
Centene Corp Maximum Pain Price across 2024-05-10 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Centene Corp close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Centene Corp's stock options are financial instruments that give investors the right to buy or sell shares of Centene Corp common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Centene stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Centene Corp's stock price goes up or down, the stock options follow.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Please note that buying 'in-the-money' options on Centene Corp lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Centene Corp's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Centene Corp contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Centene Stock moves the wrong way.
At present, Centene Corp's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 15.2 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 293.9 M. Centene Corp In The Money Call Balance
When Centene Corp's strike price is surpassing the current stock price, the option contract against Centene Corp stock is said to be in the money. When it comes to buying Centene Corp's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Centene Corp are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Centene Current Options Market Mood
Centene Corp's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Centene Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Centene Corp's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Centene Corp's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Centene Corp's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Centene contract
Base on the Rule 16, the options market is currently suggesting that Centene Corp will have an average daily up or down price movement of about 3.16% per day over the life of the 2024-05-10 option contract. With Centene Corp trading at USD 74.81, that is roughly USD 2.36. If you think that the market is fully incorporating Centene Corp's daily price movement you should consider buying Centene Corp options at the current volatility level of 50.55%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Centene |
Purchasing Centene Corp options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Centene calls. Remember, the seller must deliver Centene Corp stock to the call owner when a call is exercised.
Centene Corp Option Chain
When Centene Corp's strike price is surpassing the current stock price, the option contract against Centene Corp stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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Centene Corp's option chain is a display of a range of information that helps investors for ways to trade options on Centene. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Centene. It also shows strike prices and maturity days for a Centene Corp against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-05-10 CALL at $45.0 | 0.9858 | 0.002 | 0 | 2024-05-10 | 27.9 - 32.0 | 0.0 | In |
Call | 2024-05-10 CALL at $50.0 | 0.9512 | 0.0051 | 0 | 2024-05-10 | 23.6 - 27.0 | 0.0 | In |
Call | 2024-05-10 CALL at $55.0 | 0.9798 | 0.0042 | 0 | 2024-05-10 | 18.1 - 21.8 | 0.0 | In |
Call | 2024-05-10 CALL at $56.0 | 0.9884 | 0.0031 | 0 | 2024-05-10 | 17.0 - 20.8 | 0.0 | In |
Call | 2024-05-10 CALL at $57.0 | 0.9449 | 0.0082 | 0 | 2024-05-10 | 16.8 - 19.6 | 0.0 | In |
Call | 2024-05-10 CALL at $58.0 | 0.9876 | 0.0037 | 0 | 2024-05-10 | 15.3 - 18.5 | 0.0 | In |
Call | 2024-05-10 CALL at $59.0 | 0.8672 | 0.012 | 0 | 2024-05-10 | 14.3 - 17.2 | 0.0 | In |
Call | 2024-05-10 CALL at $60.0 | 0.9425 | 0.0104 | 0 | 2024-05-10 | 13.3 - 17.0 | 0.0 | In |
Call | 2024-05-10 CALL at $61.0 | 0.8448 | 0.014 | 0 | 2024-05-10 | 12.1 - 15.4 | 0.0 | In |
Call | 2024-05-10 CALL at $62.0 | 0.9058 | 0.0147 | 0 | 2024-05-10 | 11.1 - 13.4 | 0.0 | In |
Call | 2024-05-10 CALL at $63.0 | 0.9584 | 0.0116 | 0 | 2024-05-10 | 10.4 - 13.6 | 0.0 | In |
Call | 2024-05-10 CALL at $64.0 | 0.9835 | 0.0073 | 0 | 2024-05-10 | 9.2 - 12.6 | 0.0 | In |
Call | 2024-05-10 CALL at $65.0 | 0.9311 | 0.018 | 0 | 2024-05-10 | 8.6 - 11.6 | 0.0 | In |
Call | 2024-05-10 CALL at $66.0 | 0.9364 | 0.0196 | 0 | 2024-05-10 | 7.2 - 10.9 | 0.0 | In |
Call | 2024-05-10 CALL at $67.0 | 0.8999 | 0.0261 | 0 | 2024-05-10 | 6.6 - 9.8 | 0.0 | In |
Call | 2024-05-10 CALL at $68.0 | 0.8453 | 0.0319 | 24 | 2024-05-10 | 6.8 - 8.2 | 4.9 | In |
Call | 2024-05-10 CALL at $69.0 | 0.8132 | 0.0369 | 1 | 2024-05-10 | 5.6 - 7.7 | 6.11 | In |
Call | 2024-05-10 CALL at $70.0 | 0.7697 | 0.0416 | 22 | 2024-05-10 | 3.3 - 5.9 | 3.4 | In |
Call | 2024-05-10 CALL at $71.0 | 0.8592 | 0.0591 | 165 | 2024-05-10 | 3.9 - 4.4 | 4.15 | In |
Call | 2024-05-10 CALL at $72.0 | 0.7039 | 0.0585 | 27 | 2024-05-10 | 2.95 - 5.1 | 2.0 | In |
Call | 2024-05-10 CALL at $73.0 | 0.8471 | 0.1259 | 23 | 2024-05-10 | 1.75 - 2.3 | 1.6 | In |
Call | 2024-05-10 CALL at $74.0 | 0.6494 | 0.1549 | 34 | 2024-05-10 | 1.35 - 1.45 | 1.45 | In |
Call | 2024-05-10 CALL at $75.0 | 0.4836 | 0.1797 | 41 | 2024-05-10 | 0.75 - 0.9 | 0.57 | Out |
Call | 2024-05-10 CALL at $76.0 | 0.3151 | 0.1582 | 72 | 2024-05-10 | 0.4 - 0.45 | 0.45 | Out |
Call | 2024-05-10 CALL at $77.0 | 0.1933 | 0.1155 | 154 | 2024-05-10 | 0.2 - 0.3 | 0.25 | Out |
Call | 2024-05-10 CALL at $78.0 | 0.1203 | 0.078 | 18 | 2024-05-10 | 0.1 - 0.2 | 0.15 | Out |
Call | 2024-05-10 CALL at $79.0 | 0.0797 | 0.0527 | 14 | 2024-05-10 | 0.05 - 0.15 | 0.1 | Out |
Call | 2024-05-10 CALL at $81.0 | 0.1367 | 0.0421 | 1 | 2024-05-10 | 0.05 - 0.65 | 0.4 | Out |
Call | 2024-05-10 CALL at $82.0 | 0.0745 | 0.0305 | 11 | 2024-05-10 | 0.05 - 0.25 | 0.21 | Out |
Call | 2024-05-10 CALL at $83.0 | 0.0762 | 0.0272 | 0 | 2024-05-10 | 0.05 - 0.3 | 0.0 | Out |
Call | 2024-05-10 CALL at $84.0 | 0.0376 | 0.0173 | 1 | 2024-05-10 | 0.05 - 0.1 | 0.07 | Out |
Call | 2024-05-10 CALL at $85.0 | 0.1137 | 0.0255 | 0 | 2024-05-10 | 0.05 - 0.75 | 0.0 | Out |
Call | 2024-05-10 CALL at $86.0 | 0.0295 | 0.0125 | 0 | 2024-05-10 | 0.05 - 0.25 | 0.06 | Out |
Call | 2024-05-10 CALL at $87.0 | 0.1448 | 0.0228 | 1 | 2024-05-10 | 0.05 - 1.35 | 0.05 | Out |
Call | 2024-05-10 CALL at $88.0 | 0.0231 | 0.0092 | 0 | 2024-05-10 | 0.05 - 0.25 | 0.05 | Out |
Call | 2024-05-10 CALL at $89.0 | 0.022 | 0.0083 | 0 | 2024-05-10 | 0.05 - 0.25 | 0.05 | Out |
Call | 2024-05-10 CALL at $90.0 | 0.021 | 0.0076 | 10 | 2024-05-10 | 0.0 - 0.25 | 0.05 | Out |
Call | 2024-05-10 CALL at $91.0 | 0.0202 | 0.007 | 0 | 2024-05-10 | 0.0 - 0.25 | 0.05 | Out |
Put | 2024-05-10 PUT at $61.0 | -0.0179 | 0.0059 | 1 | 2024-05-10 | 0.0 - 0.1 | 0.05 | Out |
Put | 2024-05-10 PUT at $62.0 | -0.0191 | 0.0067 | 0 | 2024-05-10 | 0.0 - 0.15 | 0.05 | Out |
Put | 2024-05-10 PUT at $63.0 | -0.0204 | 0.0076 | 41 | 2024-05-10 | 0.0 - 0.25 | 0.05 | Out |
Put | 2024-05-10 PUT at $64.0 | -0.022 | 0.0088 | 0 | 2024-05-10 | 0.0 - 0.25 | 0.05 | Out |
Put | 2024-05-10 PUT at $65.0 | -0.0238 | 0.0103 | 4 | 2024-05-10 | 0.0 - 0.25 | 0.05 | Out |
Put | 2024-05-10 PUT at $66.0 | -0.0426 | 0.0162 | 4 | 2024-05-10 | 0.05 - 0.25 | 0.1 | Out |
Put | 2024-05-10 PUT at $67.0 | -0.1117 | 0.0268 | 6005 | 2024-05-10 | 0.05 - 0.75 | 0.55 | Out |
Put | 2024-05-10 PUT at $68.0 | -0.1631 | 0.0318 | 8 | 2024-05-10 | 0.05 - 1.35 | 0.48 | Out |
Put | 2024-05-10 PUT at $69.0 | -0.1808 | 0.0373 | 5 | 2024-05-10 | 0.05 - 1.4 | 0.13 | Out |
Put | 2024-05-10 PUT at $70.0 | -0.0661 | 0.0379 | 40 | 2024-05-10 | 0.05 - 0.65 | 0.1 | Out |
Put | 2024-05-10 PUT at $71.0 | -0.0773 | 0.0513 | 15 | 2024-05-10 | 0.05 - 0.15 | 0.25 | Out |
Put | 2024-05-10 PUT at $72.0 | -0.1402 | 0.081 | 67 | 2024-05-10 | 0.1 - 0.2 | 0.2 | Out |
Put | 2024-05-10 PUT at $73.0 | -0.1892 | 0.1242 | 20 | 2024-05-10 | 0.2 - 0.3 | 0.23 | Out |
Put | 2024-05-10 PUT at $74.0 | -0.3398 | 0.1684 | 42 | 2024-05-10 | 0.45 - 0.55 | 0.8 | Out |
Put | 2024-05-10 PUT at $75.0 | -0.5224 | 0.1974 | 25 | 2024-05-10 | 0.85 - 1.0 | 0.88 | In |
Put | 2024-05-10 PUT at $76.0 | -0.7052 | 0.1962 | 3 | 2024-05-10 | 1.45 - 1.6 | 2.65 | In |
Put | 2024-05-10 PUT at $77.0 | -0.8085 | 0.1148 | 6 | 2024-05-10 | 2.15 - 2.45 | 2.4 | In |
Put | 2024-05-10 PUT at $78.0 | -0.8411 | 0.0804 | 5 | 2024-05-10 | 3.0 - 3.8 | 4.0 | In |
Put | 2024-05-10 PUT at $79.0 | -0.7652 | 0.0579 | 0 | 2024-05-10 | 3.8 - 5.9 | 0.0 | In |
Put | 2024-05-10 PUT at $80.0 | -0.8282 | 0.0504 | 0 | 2024-05-10 | 4.4 - 6.8 | 0.0 | In |
Put | 2024-05-10 PUT at $81.0 | -0.7394 | 0.0385 | 0 | 2024-05-10 | 4.9 - 7.4 | 0.0 | In |
Put | 2024-05-10 PUT at $82.0 | -0.9283 | 0.0301 | 0 | 2024-05-10 | 5.7 - 8.9 | 0.0 | In |
Put | 2024-05-10 PUT at $83.0 | -0.749 | 0.0306 | 0 | 2024-05-10 | 6.2 - 9.6 | 0.0 | In |
Put | 2024-05-10 PUT at $84.0 | -0.7758 | 0.0288 | 0 | 2024-05-10 | 7.5 - 10.4 | 0.0 | In |
Put | 2024-05-10 PUT at $85.0 | -0.862 | 0.0266 | 0 | 2024-05-10 | 9.5 - 11.9 | 0.0 | In |
Put | 2024-05-10 PUT at $86.0 | -0.7558 | 0.0237 | 0 | 2024-05-10 | 9.2 - 12.9 | 0.0 | In |
Put | 2024-05-10 PUT at $87.0 | -0.8001 | 0.023 | 0 | 2024-05-10 | 10.4 - 13.4 | 0.0 | In |
Put | 2024-05-10 PUT at $88.0 | -0.9875 | 0.0059 | 0 | 2024-05-10 | 11.3 - 15.1 | 0.0 | In |
Put | 2024-05-10 PUT at $89.0 | -0.7969 | 0.0202 | 0 | 2024-05-10 | 12.7 - 15.6 | 0.0 | In |
Put | 2024-05-10 PUT at $90.0 | -0.8435 | 0.0191 | 0 | 2024-05-10 | 13.2 - 16.1 | 0.0 | In |
Put | 2024-05-10 PUT at $91.0 | -0.9562 | 0.0113 | 0 | 2024-05-10 | 14.7 - 17.9 | 0.0 | In |
Put | 2024-05-10 PUT at $92.0 | -0.8821 | 0.0243 | 0 | 2024-05-10 | 16.7 - 18.9 | 0.0 | In |
Put | 2024-05-10 PUT at $93.0 | -0.9095 | 0.0143 | 0 | 2024-05-10 | 16.2 - 18.6 | 0.0 | In |
Put | 2024-05-10 PUT at $94.0 | -0.8202 | 0.0158 | 0 | 2024-05-10 | 17.7 - 20.6 | 0.0 | In |
Put | 2024-05-10 PUT at $95.0 | -0.8108 | 0.0152 | 0 | 2024-05-10 | 18.3 - 21.8 | 0.0 | In |
Put | 2024-05-10 PUT at $96.0 | -0.8342 | 0.0145 | 0 | 2024-05-10 | 19.3 - 22.5 | 0.0 | In |
Put | 2024-05-10 PUT at $97.0 | -0.8001 | 0.0141 | 0 | 2024-05-10 | 20.2 - 24.1 | 0.0 | In |
Put | 2024-05-10 PUT at $98.0 | -0.9395 | 0.0098 | 0 | 2024-05-10 | 21.8 - 25.1 | 0.0 | In |
Put | 2024-05-10 PUT at $100.0 | -0.9292 | 0.0098 | 0 | 2024-05-10 | 24.0 - 27.1 | 0.0 | In |
Centene Corp Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
| Timeline |
Centene Corp Liabilities And Stockholders Equity Over Time
The total of all liabilities and equity in the company, which should equal the company's total assets according to the accounting equation. Liabilities And Stockholders Equity |
| Timeline |
Centene Total Stockholder Equity
Total Stockholder Equity |
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Centene Corp Corporate Directors
Centene Corp corporate directors refer to members of a Centene Corp board of directors. The board of directors generally takes responsibility for the Centene Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Centene Corp's board members must vote for the resolution. The Centene Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Richard Gephardt | Independent Director | Profile | |
| David Steward | Independent Director | Profile | |
| Lori Robinson | Independent Director | Profile | |
| Robert Ditmore | Presiding Independent Director | Profile |
Already Invested in Centene Corp?
The danger of trading Centene Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Centene Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Centene Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Centene Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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When running Centene Corp's price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.059 | Earnings Share 5.07 | Revenue Per Share 264.738 | Quarterly Revenue Growth 0.044 | Return On Assets 0.0367 |
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.