Notable Put Options Activity in Marathon Petroleum
Shares of Marathon Petroleum (NYSE: MPC) are lower on the session by 1.60%, currently trading at $43.37. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $40.00 put, which has traded 5,575 times on open interest of 172 contracts.
Put volume is outpacing call volume by 24 to 1.
Marathon Petroleum Corporation is a petroleum product refiners, transporters and marketers in the United States.
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