Financial giants have made a conspicuous bearish move on Marathon Petroleum. Our analysis of options history for Marathon Petroleum MPC revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $188,480, and 7 were calls, valued at $444,274.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $190.0 for Marathon Petroleum over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Marathon Petroleum's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marathon Petroleum's substantial trades, within a strike price spectrum from $100.0 to $190.0 over the preceding 30 days.
Marathon Petroleum 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MPC | CALL | TRADE | BEARISH | 02/16/24 | $155.00 | $189.4K | 1.0K | 0 |
| MPC | PUT | TRADE | BULLISH | 01/17/25 | $160.00 | $125.0K | 314 | 100 |
| MPC | PUT | TRADE | BULLISH | 01/17/25 | $190.00 | $63.4K | 2 | 23 |
| MPC | CALL | SWEEP | BEARISH | 03/15/24 | $170.00 | $61.5K | 997 | 16 |
| MPC | CALL | TRADE | BULLISH | 04/19/24 | $185.00 | $60.0K | 290 | 206 |
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.
Present Market Standing of Marathon Petroleum
- Currently trading with a volume of 813,875, the MPC's price is up by 0.23%, now at $171.71.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 74 days.
What Analysts Are Saying About Marathon Petroleum
2 market experts have recently issued ratings for this stock, with a consensus target price of $176.5.
- An analyst from Raymond James has decided to maintain their Strong Buy rating on Marathon Petroleum, which currently sits at a price target of $185.
- An analyst from Barclays has decided to maintain their Overweight rating on Marathon Petroleum, which currently sits at a price target of $168.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Marathon Petroleum, Benzinga Pro gives you real-time options trades alerts.
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