10000 MPC Dec 45 calls traded over Jan2017 38.75 puts
Shares of Marathon Petroleum Corp (MPC) are up .74 to 44.43 today. ???MPC is near the middle of the 52 Week range.
- Paper traded 10000 MPC Dec 45 calls over Jan2017 38.75 puts for 1.75 and 1.15.?
- ADV is 4500.?
- The OI is 42 and 636 contracts.
The volume went 4 blocks on the PHLX marked spread.? It appears the trader is buying a call and selling more long term puts to help pay for the calls.? No stock near this option volume printed so the trade is a standalone long delta or a hedge against short stock.? The latter is unlikely given the structure and with earnings tomorrow.
- IV 30 is trading for 34%.?
- HV10 is trading for 17%.?
- IV 30 is above 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.