Marathon Petroleum's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Marathon Petroleum. Our analysis of options history for Marathon Petroleum 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:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MPC PUT TRADE NEUTRAL 06/20/25 $25.7 $24.3 $24.9 $190.00 $996.0K 5 401
MPC PUT SWEEP BULLISH 07/19/24 $7.35 $7.25 $7.25 $180.00 $360.3K 287 22
MPC CALL TRADE BEARISH 07/19/24 $22.25 $21.9 $21.9 $160.00 $43.8K 84 4
MPC CALL SWEEP BEARISH 07/19/24 $1.71 $1.7 $1.7 $200.00 $42.6K 1.3K 264
MPC CALL SWEEP NEUTRAL 09/20/24 $18.5 $18.3 $18.3 $170.00 $34.6K 84 10

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.

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.

  • Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Marathon Petroleum with a target price of $200.
  • Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Marathon Petroleum with a target price of $195.
  • An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Marathon Petroleum, which currently sits at a price target of $207.
  • An analyst from Mizuho persists with their Neutral rating on Marathon Petroleum, maintaining a target price of $202.

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.

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Posted In: OptionsMarketsBZI-UOA
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