Marathon Petroleum Unusual Options Activity For September 20
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in Marathon Petroleum's (NYSE:MPC) options trading. Out of 12 unusual trades, 91% were bearish. The total amount for puts was $295,863 and for calls, $157,134. Whales have been targeting a price range from $125.0 to $165.0 for Marathon Petroleum over the last 3 months. The current price of MPC is $153.68, up 1.01%. Analysts from Raymond James, B of A Securities, Wells Fargo, and Mizuho have maintained their ratings on Marathon Petroleum.
September 20, 2023 | 7:33 pm
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Marathon Petroleum has seen a significant bearish stance in its options trading. The current price of MPC is $153.68, up 1.01%. Analysts have maintained their ratings on the company.
The bearish stance in Marathon Petroleum's options trading indicates a negative sentiment among investors, which could potentially lead to a decrease in the stock price. The current price of MPC is up, but the bearish sentiment in options trading could impact this. Analysts maintaining their ratings on the company suggests they believe in its stability despite the bearish options trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100