CNC Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: CNC's strategic refocus and insider buying signal confidence. Higher call option volume suggests bullish trader sentiment and potential short-term upside.




Bearish Case: Backwardation in CNC's volatility suggests market uncertainty. Legal and operational challenges persist, reflected in recent layoffs and financial flatness, indicating potential downside.




Potential Outcomes:
  • 50%: Positive strategic refocus increases stock value.
  • 30%: Legal issues hinder growth.
  • 20%: Market conditions stabilize, leading to modest gains.



  • Trading Oracle: Execute a bullish debit spread by buying the CNC May $65 call and selling the $70 call. The backwardation suggests hedged volatility. Favorable edge based on current sentiment and upside potential in coming months. High probability with balanced risk-reward strategy.



    January 22, 2025


    Centene Forecast

    CNC        Centene











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