Bearish flow noted in Marathon Petroleum with 1,495 puts trading, or 1.1x expected. Most active are Jul-23 113 puts and 7/14 weekly 110 calls, with total volume in those strikes near 970 contracts. The Put/Call Ratio is 1.69, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 1st.
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