Financial giants have made a conspicuous bullish move on Marathon Oil. Our analysis of options history for Marathon Oil MRO revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $104,659, and 6 were calls, valued at $373,130.
Projected Price Targets
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 $25.0 for Marathon Oil over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Marathon Oil stands at 1351.5, with a total volume reaching 2,128.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marathon Oil, situated within the strike price corridor from $20.0 to $25.0, throughout the last 30 days.
Marathon Oil Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MRO | CALL | SWEEP | BULLISH | 01/17/25 | $20.00 | $101.7K | 1.5K | 563 |
| MRO | CALL | SWEEP | BULLISH | 09/20/24 | $22.00 | $88.5K | 70 | 300 |
| MRO | PUT | SWEEP | BEARISH | 01/17/25 | $25.00 | $74.7K | 3.3K | 1 |
| MRO | CALL | TRADE | BULLISH | 01/17/25 | $20.00 | $68.8K | 1.5K | 172 |
| MRO | CALL | SWEEP | BULLISH | 01/17/25 | $20.00 | $44.1K | 1.5K | 756 |
About Marathon Oil
Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 343 thousand barrels of oil equivalent per day in 2022 at a ratio of 70% oil and NGLs and 30% natural gas.
Having examined the options trading patterns of Marathon Oil, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Marathon Oil
- Currently trading with a volume of 3,548,903, the MRO's price is down by -0.31%, now at $22.58.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 8 days.
What The Experts Say On Marathon Oil
2 market experts have recently issued ratings for this stock, with a consensus target price of $32.0.
- Maintaining their stance, an analyst from Raymond James continues to hold a Strong Buy rating for Marathon Oil, targeting a price of $32.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Marathon Oil, targeting a price of $32.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marathon Oil options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
