Notable Put Options Activity in Marathon Petroleum

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Shares of Marathon Petroleum
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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Posted In: OptionsMarkets
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