The Options Insider

Calls Trade in MPC

by | Jun 9, 2016 | Unusual Activity

8300 MPC Jan 2017 50/60 call spreads went up in 3 blocks on the PHLX

MPC

Shares of Marathon Petroleum Corp (MPC) are up .09 to 36.97 today. ?MPC is near the middle of the 52 week range.

  • Paper traded 8300 MPC Jan 2017 50/60 call spreads for .50 and .125. ??
  • The ADV is 8440 contracts.? ?
  • The open interest is over 90k contracts per strike.

The volume went up in 3 blocks on the PHLX marked spread.? This trade is on split prices on the 60 calls and the big open interest means either a roll up to the 60 strike or closing a long call spread.? As priced the trader looks like they are selling this below the TV at .375 or close to that.? Size paper on Apr 21st bought the spread and sold stock $5 higher.? Unwinding the calls probably means they are closing the short stock against it and have more to do to exit.

  • IV 30 is trading for 34%.?
  • HV10 is trading for 41%.?
  • IV 30 is below the HV 10.

Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi.