What the Options Market Tells Us About Marathon Petroleum
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Marathon Petroleum (NYSE:MPC) as revealed by Benzinga's options scanner. The options activity is unusual, with 54% of trades being bearish puts. This suggests potential price movements and significant investor interest in MPC.
September 19, 2024 | 8:31 pm
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Marathon Petroleum (NYSE:MPC) is experiencing unusual options activity with a bearish sentiment from investors. 54% of the trades are puts, indicating potential downward pressure on the stock price.
The options market shows a significant bearish sentiment towards MPC, with 54% of trades being puts. This suggests that investors expect the stock price to decrease. The unusual volume and open interest in these options further indicate strong investor interest and potential price movement.
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