I wonder who the smart cookie was that bought 10,000 July Centene (CNC) $47.50 puts out of the blue on June 2nd for $0.57 with the underlying at $55 and an ATR synonymous with watching paint dry and no earnings reports on the calendar until 7/25? $13 now. Nothing like turning $57K into $13,000,000. Probably just a lucky trade.
Probably the same people betting against this industry for a while. Remember the r/WSB guy who made millions buying puts against UNH? Seems like you can't go wrong shorting these POS companies. Who knew an assassin named Luigi would trigger such an epic collapse?
Good point, but I think the big guy will at least want 30% on that one. You have to incorporate time-frames on grift. One month(!).... uh-uh... "I want some juice." $3.9MM or no pardon.
ave volume 6m/day 1 Jul 2025 volume 10m/day <<< someone already knew about the big news and the price went up by $2 2 Jul 2025 volume 90m/day <<< someone already knew about the big news and the price gapped down massively
And June 2nd, 2025... "<<< someone already knew about the big news" That's why they bought 10,000 July 47.50 put contracts for like $0.57