Speaking on

, Mike Kouw said that there was an increased options activity in Marathon Petroleum Corp (NYSE:

). The daily options trading volume was over 4 times average volume and the September 90 calls were the most active. Investors paid $1.70 for this strike which places the breakeven at $91.70 or roughly 5% higher from the current market price of $87.43. Mike Khouw thinks that one of the reasons for this trade is a good earnings result, posted in July, which came above the expectations. The valuation looks attractive because the stock is trading at less than 10 P/E and 5 EV/EBITDA. The main reason for a long position in Marathon Petroleum is the crack spread which is currently trading at the three month high.