Unpacking the Latest Options Trading Trends in Marathon Petroleum
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bullish sentiment on Marathon Petroleum (NYSE:MPC), with options trading data revealing a significant interest in the stock. Benzinga's tracking highlighted 9 notable options trades, with a majority being bullish. The trading range for MPC's options is between $65.0 to $200.0. Currently, MPC's stock is slightly up by 0.19% at $201.89, with some analysts suggesting it may be overbought. Analyst ratings vary, with target prices ranging from $186 to $230.
April 01, 2024 | 8:00 pm
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Marathon Petroleum has seen bullish options trading activity, with a current stock price of $201.89 and analyst target prices up to $230. The stock may be overbought according to RSI readings.
The bullish sentiment in options trading, combined with the current stock price exceeding most analyst target prices, suggests a positive short-term outlook. However, the RSI indication of being overbought could temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100