Marathon Petroleum Whale Trades spotted
Someone with a lot of money to spend has taken a bearish stance on Marathon Petroleum MPC.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with MPC, it often means someone knows something is going to happen.
So how do we know what this whale just did?
Benzinga's options scanner today spotted 27 unusual option trades for Marathon Petroleum.
This is not normal.
The general sentiment of these big traders is split between 48% bullish and 51% bearish.
Of all the special options we discovered, 2 are puts, totaling $96,685, and 25 are calls, totaling $2,299,268 $.
What is the target price?Given the volume and open interest on these contracts, it appears that the whales have targeted a price range of $75.0 to $135.0 for Marathon Petroleum over the course of for the past 3 months.
Development of volume and open interestIn terms of liquidity and interest, the average open interest for Marathon Petroleum options trades today is 1,348.75 with a total volume of 11,650, 00.
In the following graph, we are able to follow the evolution of the volume and open interest of call and put options for large Marathon Petroleum trades within a range strike price from $75.0 to $135.0 in the last 30 days.
Marathon Petroleum Option Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume MPC CALL SWEEP BULLISH 01/19/24 $105.00 $638.4K 1.2K 1.0K MPC CALL SWEEP BEARISH 01/20/23 $75.00 $205.3K 3.8K 543 MPC CALL SWEEP NEUTRAL 01/20/23 $75.00 $122,500 3.8K 152 MPC CALL SWEEP BULLISH 01/20/23 $75.00 $91,800 3.8K 59 MPC CALL SWEEP BULLISH 01/20/23 $75.00 $84.9,000 3.8K 259
Someone with a lot of money to spend has taken a bearish stance on Marathon Petroleum MPC.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with MPC, it often means someone knows something is going to happen.
So how do we know what this whale just did?
Benzinga's options scanner today spotted 27 unusual option trades for Marathon Petroleum.
This is not normal.
The general sentiment of these big traders is split between 48% bullish and 51% bearish.
Of all the special options we discovered, 2 are puts, totaling $96,685, and 25 are calls, totaling $2,299,268 $.
What is the target price?Given the volume and open interest on these contracts, it appears that the whales have targeted a price range of $75.0 to $135.0 for Marathon Petroleum over the course of for the past 3 months.
Development of volume and open interestIn terms of liquidity and interest, the average open interest for Marathon Petroleum options trades today is 1,348.75 with a total volume of 11,650, 00.
In the following graph, we are able to follow the evolution of the volume and open interest of call and put options for large Marathon Petroleum trades within a range strike price from $75.0 to $135.0 in the last 30 days.
Marathon Petroleum Option Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume MPC CALL SWEEP BULLISH 01/19/24 $105.00 $638.4K 1.2K 1.0K MPC CALL SWEEP BEARISH 01/20/23 $75.00 $205.3K 3.8K 543 MPC CALL SWEEP NEUTRAL 01/20/23 $75.00 $122,500 3.8K 152 MPC CALL SWEEP BULLISH 01/20/23 $75.00 $91,800 3.8K 59 MPC CALL SWEEP BULLISH 01/20/23 $75.00 $84.9,000 3.8K 259What's Your Reaction?
