Financial giants have made a conspicuous bullish move on Marathon Petroleum. Our analysis of options history for Marathon Petroleum (NYSE:MPC) revealed 12 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $316,033, and 7 were calls, valued at $305,754.
What’s The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $175.0 for Marathon Petroleum over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Marathon Petroleum’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Marathon Petroleum’s significant trades, within a strike price range of $110.0 to $175.0, over the past month.
Marathon Petroleum Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MPC | CALL | TRADE | BULLISH | 01/17/25 | $160.00 | $87.1K | 271 | 38 |
| MPC | PUT | TRADE | NEUTRAL | 04/19/24 | $155.00 | $80.0K | 350 | 103 |
| MPC | PUT | SWEEP | BULLISH | 07/19/24 | $170.00 | $76.1K | 0 | 0 |
| MPC | PUT | SWEEP | BEARISH | 04/19/24 | $175.00 | $72.2K | 7 | 34 |
| MPC | PUT | TRADE | BULLISH | 07/19/24 | $160.00 | $59.0K | 104 | 0 |
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 2.9 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.
In light of the recent options history for Marathon Petroleum, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Marathon Petroleum Standing Right Now?
- With a volume of 2,977,331, the price of MPC is down -1.96% at $154.79.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 26 days.
Expert Opinions on Marathon Petroleum
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $169.0.
- An analyst from Wells Fargo has elevated its stance to Overweight, setting a new price target at $169.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marathon Petroleum options trades with real-time alerts from Benzinga Pro.
