Smart Money Is Betting Big In MPC Options
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bearish trend in options trading for Marathon Petroleum (NYSE:MPC), with 62% of trades showing bearish tendencies. The trading activity suggests a price target range between $200.0 and $280.0. The largest trades have been predominantly puts, indicating a bearish outlook. Marathon Petroleum, a major refiner, is currently trading at $216.9, slightly down by -0.04%. Analysts have issued mixed ratings, with a consensus target price of $203.2, suggesting a potential downside.

April 09, 2024 | 5:45 pm
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Marathon Petroleum shows a bearish trend in options trading, with a current slight decrease in stock price to $216.9. Analysts provide mixed ratings but lean towards a potential downside with a consensus target price of $203.2.
The bearish trend in options trading, combined with the current slight decrease in stock price and the consensus among analysts towards a potential downside, suggests a short-term negative impact on MPC's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100