27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
A whale with a lot of money to spend has taken a noticeably bullish stance on Marathon Oil.
Looking at options history for Marathon Oil (NYSE:MRO) we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 72% of the investors opened trades with bullish expectations and 27% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $155,215 and 7, calls, for a total amount of $342,183.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $27.0 for Marathon Oil over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Marathon Oil's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marathon Oil's whale activity within a strike price range from $20.0 to $27.0 in the last 30 days.
Marathon Oil Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MRO | CALL | SWEEP | BULLISH | 05/12/23 | $23.00 | $74.2K | 100 | 35 |
| MRO | CALL | SWEEP | BULLISH | 07/21/23 | $20.00 | $70.8K | 1.1K | 507 |
| MRO | PUT | SWEEP | BULLISH | 09/15/23 | $23.00 | $58.0K | 1.2K | 226 |
| MRO | CALL | SWEEP | BULLISH | 07/21/23 | $20.00 | $48.7K | 1.1K | 107 |
| MRO | CALL | SWEEP | BULLISH | 01/19/24 | $23.00 | $48.0K | 44 | 195 |
Where Is Marathon Oil Standing Right Now?
- With a volume of 14,415,064, the price of MRO is down -0.83% at $22.09.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 90 days.
What The Experts Say On Marathon Oil:
- UBS downgraded its action to Buy with a price target of $33
- Susquehanna has decided to maintain their Positive rating on Marathon Oil, which currently sits at a price target of $32.
- Raymond James has decided to maintain their Strong Buy rating on Marathon Oil, which currently sits at a price target of $48.
- Wells Fargo has decided to maintain their Overweight rating on Marathon Oil, which currently sits at a price target of $38.
- Benchmark downgraded its action to Buy with a price target of $32
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Marathon Oil, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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