Bearish flow noted in Marathon Petroleum with 1,663 puts trading, or 2x expected. Most active are Oct-23 110 puts and Oct-23 115 puts, with total volume in those strikes near 620 contracts. The Put/Call Ratio is 2.58, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 1st.
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Published first on TheFly
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