Mike Khouw Sees Unusual Options Activity In Marathon Petroleum


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


On CNBC's "Options Action," Mike Khouw said that calls outpaced puts in Marathon Petroleum Corp (NYSE:MPC) on Monday by almost four to one on 2.5 times the average daily call volume.

The most active options were the May $57.50 calls as over 4,000 contracts were traded for about $2. Khouw said that investors should keep an eye on the May earnings report and the March highs of $58 as the stock looks like it's targeting that price level.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: OptionsMarketsMediaCNBCMike KhouwOptions Action