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Marathon Petroleum put volume heavy and directionally bearish

Bearish flow noted in Marathon Petroleum with 1,138 puts trading, or 1.7x expected. Most active are Nov-24 150 puts and Oct-24 185 calls, with total volume in those strikes near 500 contracts. The Put/Call Ratio is 1.67, while ATM IV is up over 1 point on the day. Earnings are expected on November 5th.

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