Bullish option flow detected in Marathon Oil with 8,376 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 24.64%. May-24 27 puts and 4/5 weekly 28 calls are the most active options, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 0.50. Earnings are expected on May 8th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRO:
- Marathon Oil price target lowered to $36 from $39 at Stifel
- Marathon Oil price target raised to $31 from $28 at Mizuho
- Marathon Oil Chairman Tillman sells $2.2M in company shares
- Marathon Oil upgraded to Buy at Argus on attractive valuation, ongoing buybacks
- Marathon Oil upgraded to Buy from Hold at Argus