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 25% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $1,356,325, and 6 were calls, valued at $206,851.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $155.0 and $200.0 for Marathon Petroleum, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Marathon Petroleum'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 Petroleum's whale trades within a strike price range from $155.0 to $200.0 in the last 30 days.

Marathon Petroleum 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Marathon Petroleum

Current Position of Marathon Petroleum

• Trading volume stands at 1,561,027, with MPC's price down by -1.84%, positioned at $179.56.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 81 days.

What Analysts Are Saying About Marathon Petroleum

4 market experts have recently issued ratings for this stock, with a consensus target price of $201.0.

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.