Marathon Petroleum Unusual Options Activity

Deep-pocketed investors have adopted a bearish approach towards Marathon Petroleum MPC, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MPC usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Marathon Petroleum. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 46% leaning bullish and 53% bearish. Among these notable options, 5 are puts, totaling $208,765, and 10 are calls, amounting to $643,727.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $230.0 for Marathon Petroleum during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $130.0 to $230.0 in the last 30 days.

Marathon Petroleum 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Marathon Petroleum, 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 Petroleum

• With a trading volume of 1,158,361, the price of MPC is down by -0.56%, reaching $207.59.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 15 days from now.

What The Experts Say On Marathon Petroleum

5 market experts have recently issued ratings for this stock, with a consensus target price of $205.4.

• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Marathon Petroleum with a target price of $214.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Marathon Petroleum, targeting a price of $186.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Marathon Petroleum, targeting a price of $221.
• Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Marathon Petroleum, targeting a price of $202.
• Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Marathon Petroleum with a target price of $204.

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.