Bearish flow noted in Marathon Petroleum with 3,028 puts trading, or 1.7x expected. Most active are Aug-23 139 puts and 8/11 weekly 138 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.67, while ATM IV is up over 1 point on the day. Earnings are expected on October 31st.
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