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.
Financial giants have made a conspicuous bearish move on Marathon Petroleum. Our analysis of options history for Marathon Petroleum (NYSE:MPC) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $299,420, and 2 were calls, valued at $61,363.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $280.0 for Marathon Petroleum, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Marathon Petroleum stands at 181.75, with a total volume reaching 453.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marathon Petroleum, situated within the strike price corridor from $200.0 to $280.0, throughout the last 30 days.
Marathon Petroleum Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MPC | PUT | TRADE | NEUTRAL | 07/19/24 | $14.8 | $14.45 | $14.6 | $220.00 | $81.7K | 285 | 5 |
| MPC | PUT | TRADE | NEUTRAL | 09/20/24 | $15.75 | $15.45 | $15.6 | $210.00 | $62.4K | 94 | 40 |
| MPC | PUT | SWEEP | BULLISH | 01/17/25 | $25.35 | $25.0 | $25.0 | $220.00 | $50.0K | 279 | 0 |
| MPC | PUT | TRADE | BULLISH | 01/17/25 | $31.2 | $31.0 | $31.0 | $230.00 | $40.3K | 46 | 14 |
| MPC | PUT | SWEEP | BEARISH | 07/19/24 | $11.55 | $11.5 | $11.55 | $210.00 | $36.9K | 40 | 35 |
About Marathon Petroleum
Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.
Following our analysis of the options activities associated with Marathon Petroleum, we pivot to a closer look at the company's own performance.
Current Position of Marathon Petroleum
- Currently trading with a volume of 1,557,644, the MPC's price is down by -0.04%, now at $216.9.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 21 days.
Expert Opinions on Marathon Petroleum
5 market experts have recently issued ratings for this stock, with a consensus target price of $203.2.
- An analyst from Mizuho persists with their Neutral rating on Marathon Petroleum, maintaining a target price of $201.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Marathon Petroleum, which currently sits at a price target of $214.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Marathon Petroleum, targeting a price of $211.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Marathon Petroleum, targeting a price of $186.
- An analyst from Piper Sandler persists with their Neutral rating on Marathon Petroleum, maintaining a target price of $204.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Marathon Petroleum with Benzinga Pro for real-time 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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