Marathon Petroleum Corporation (MPC) $36.45 -2.85%
Marathon Petroleum Corp (MPC) loses $1.04 to $36.48 and Nov 35 puts on the Findlay, OH oil and gas refiner are seeing interest today. The flow includes a multi-exchange sweep of 2,007 contracts for 65 cents each. Another sweep of 934 traded for 70 cents. Volume is now 4,250 against 816 in open interest. Looks like some investors are taking positions on concerns about additional weakness in the underlying before the weekend and implied volatility in MPC options is up 6 percent to 535. No news on the ticker. Earnings were reported on Nov 1.
Category: All Stocks, Mid Cap Stocks, Oil & Gas Producers
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
