10000 MPC Apr21 50/60 call spreads went up in 2 blocks on the CBOE
Shares of Marathon Petroleum Corp (MPC) are up .06 to 50.35.? MPC is near the middle of the 52 week range.
- Paper traded 10000 MPC Apr21 50/60 call spreads for 1.55. ?
- The ADV is 6545 contracts.?
- The OI is 72000 and 65108 contracts.
The volume went up in 2 blocks on the CBOE marked spread. ?There is very high OI, most likely the trader is starting to close the call spreads after a move higher in the stock.? This does look like a pattern of closing as MPC is falling to make new highs.? UA covered similar trades on Mar 17th when the OI and price were higher.
- IV 30 is trading for 28%. ?
- HV10 is trading for 19%.?
- IV 30 is trading above the HV 10.
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.