Marathon Petroleum Unusual Options Activity For October 09
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Marathon Petroleum (NYSE:MPC), with 50% of investors showing bullish expectations and 50% bearish. The total amount for puts is $615,740 and for calls is $551,025. Whales have been targeting a price range from $145.0 to $145.0 for Marathon Petroleum over the last 3 months. The price of MPC is up 2.18% at $146.3. Several experts have maintained their Neutral rating on Marathon Petroleum, with price targets ranging from $148 to $178.
October 09, 2023 | 2:31 pm
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Marathon Petroleum has seen significant unusual options activity, with an equal split between bullish and bearish expectations. The stock price is currently up 2.18% at $146.3.
The unusual options activity indicates a high level of interest in the stock, which could lead to increased volatility. The equal split between bullish and bearish expectations suggests uncertainty about the stock's future direction. However, the current upward trend in the stock price is a positive sign.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100