Marathon Petroleum Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Marathon Petroleum (NYSE:MPC) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $115.0 to $170.0 for Marathon Petroleum over the last 3 months. The price of MPC is up 0.65% at $156.5, with RSI indicators suggesting the stock may be overbought.
September 14, 2023 | 7:31 pm
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Unusual options activity indicates a significant bearish stance on Marathon Petroleum. The stock may be overbought according to RSI indicators.
The unusual options activity, with a majority being bearish, indicates that large investors are expecting the price of Marathon Petroleum to decrease. This, combined with the RSI indicators suggesting the stock may be overbought, could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100