What the Options Market Tells Us About Marathon Petroleum

Whales with a lot of money to spend have taken a noticeably bullish stance on Marathon Petroleum.

Looking at options history for Marathon Petroleum MPC we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $179,775 and 3, calls, for a total amount of $102,446.

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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 $115.0 to $185.0 for Marathon Petroleum over the last 3 months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Marathon Petroleum's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Marathon Petroleum's significant trades, within a strike price range of $115.0 to $185.0, over the past month.

Marathon Petroleum 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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 2.9 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.

In light of the recent options history for Marathon Petroleum, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Marathon Petroleum

• Currently trading with a volume of 578,737, the MPC's price is down by -0.55%, now at $156.41.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 4 days.

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.