Molina Healthcare Put Volume at 1,392% of Average as Aetna Calls for Ohio Medicaid Bidding to be Re-opened

Put volume in shares of Molina Healthcare

is at 1,392% of Average on Monday. A trade of of 2,000 contracts in the December 15/17.50 put spread was made late this morning.

is reporting that Aetna

is seeking to have the Ohio Medicaid bidding process re-opened, following the reinstatement of two previously canceled providers, Molina and Centene Corp.

. Aetna was offered a provisional contract in April, but several losing providers protested on the grounds Aetna scored poorly on Medicaid service in other states. Aetna is citing flaws in the scoring process.