Bearish flow noted in Marathon Petroleum with 4,896 puts trading, or 2x expected. Most active are Mar-23 124 puts and Mar-23 122 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 2.17, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
Published first on TheFly
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