CNC Gamma Exposure, IV Rank & Implied Volatility
Centene Corporation (CNC) options data — GEX, IV rank, options chain & Greeks
CNC options trade with implied volatility typically in the 18% - 42% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
An IV rank near 35.3 (the value shown here is illustrative) would mean implied volatility is in roughly the 35.3th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live CNC IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real CNC IV history on the live platform →
Comprehensive options market data for Centene Corporation (CNC).
CNC Options at a Glance
What's Covered in This Guide
1 About Centene Corporation (CNC)
Centene is a leading managed care company focused on government-sponsored healthcare programs including Medicaid, Medicare, and Health Insurance Marketplace.
Company Profile
Key Dates
Centene Corporation operates in the Healthcare sector.
2 CNC Options Market Overview
CNC options provide good liquidity for options traders.
Liquidity Assessment: Good
CNC options are available for trading across multiple expirations.
3 CNC Implied Volatility & IV Rank
CNC implied volatility reflects healthcare outcomes, clinical trials, and regulatory decisions.
Earnings Impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short CNC options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
CNC IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
CNC Gamma Exposure (GEX)
Gamma Exposure analysis for CNC reveals dealer hedging dynamics at key strike levels.
Typical GEX Profile: CNC tends to operate in a positive gamma environment during normal conditions.
Key Levels:
Dealer Hedging:
4 Common CNC Options Strategies
These are strategies commonly used by traders on CNC options, based on typical market characteristics. This is not investment advice.
Popular for CNC shareholders seeking additional income.
Defined-risk directional exposure on CNC.
Range-bound strategy for CNC between events.
Key Considerations for CNC Options
- CNC options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
- Monitor earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing positions
Frequently Asked Questions: CNC Options
What is CNC's typical implied volatility?
CNC implied volatility typically ranges from 18% - 42%.
Does CNC have weekly options?
CNC offers weekly options.
What is CNC's options trading profile?
CNC (Centene Corporation) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 18% - 42% range. The position sits in the Healthcare category for portfolio diversification and options strategy design.
How does CNC implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on CNC?
Popular strategies on CNC options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 18% - 42% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is CNC's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence CNC's intraday price action. CNC tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live CNC GEX levels and the gamma-flip point on ApexVol.
What is CNC's IV rank?
CNC's IV rank shows where CNC's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. CNC implied volatility typically ranges from 18% - 42%. Check CNC's live IV rank and percentile on ApexVol's IV analytics.
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