Bearish flow noted in Marathon Petroleum with 5,820 puts trading, or 3x expected. Most active are Jun-23 110 puts and 4/6 weekly 123 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.79, while ATM IV is up over 7 points on the day. Earnings are expected on May 2nd.
Published first on TheFly
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