15000/30000 MPC Jul 37.5/45 1 x 2 calls spreads went up in 2 blocks on the PHLX
Shares of Marathon Petroleum Corp. (MPC) are down .10 to 33.87 today. ?MPC is near the lower end of the 52 week range.
- Paper traded 15000/30000 MPC Jul 37.5/45 1 x 2 calls spreads for 2.25 over .55.?
- The ADV is 5111 contracts.?
- The OI is 429 and 225 contracts.
The volume went up in 2 blocks on the PHLX marked spread. ?The trade is most likely a 1 x 2 call spread to get long MPC, possibly against a long stock position.? The trader is not looking for a move too much above 45 for MPC.
- IV 30 is trading 50%.?
- HV10 is trading for 69%.?
- IV 30 is trading below the HV 10.
Marathon Petroleum Corporation (MPC) is engaged petroleum product refining, marketing, retail and transportation businesses. It has three segments: Refining & Marketing, which refines crude oil and other feedstocks at its seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products; Speedway, which sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast, and Pipeline Transportation, which transports crude oil and other feedstocks to its refineries and other locations, delivers refined products to wholesale and retail market areas and includes the aggregated operations of MPLX LP.