Notable Put Options Activity in Marathon Petroleum - Marathon Petroleum (NYSE:MPC)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!