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Marathon Petroleum put volume heavy and directionally bearish

Marathon Petroleum put volume heavy and directionally bearish

Bearish flow noted in Marathon Petroleum with 1,403 puts trading, or 1.4x expected. Most active are Feb-25 175 puts and 9/6 weekly 172.5 puts, with total volume in those strikes near 880 contracts. The Put/Call Ratio is 1.69, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 5th.

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