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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPC:
- Marathon Petroleum put volume heavy and directionally bearish
- California governor wants refiners to stockpile gasoline, Bloomberg reports
- Elliott adds Southwest, exits Peabody in Q2
- Marathon Petroleum price target raised to $190 from $187 at TD Cowen
- Marathon Petroleum reports Q2 adjusted EPS $4.12, consensus $3.09