Tony Zhang Sees Unusual Options Activity In Marathon Petroleum

On CNBC's "Options Action," Tony Zhang of OptionsPlay said around 57,000 contracts were traded in Marathon Petroleum Corp MPC on Wednesday, which is more than three times its average daily volume.

One bullish trade caught Zhang's attention. A trader bought 13,500 contracts of the October $65 calls for a dollar. The trade breaks even at $66 or around 19.7% above the closing price on Wednesday. The trader paid around 1.8% of the underlying value to set up the trade.