MPC options flow: unusual options activity in Marathon Petroleum Corp.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 158 unusual options prints in Marathon Petroleum Corp. (MPC), $10.9M of tracked premium, close to even between bullish and bearish premium. Bullish premium was $4.6M against $5.1M bearish; $4.8M went into calls and $6.1M into puts, a put call ratio of 1.27. The largest print was $867K of MPC 17 Jun 2027 $310 puts on 23 September 2026, swept at bid. The last session with prints, 28 September 2026, added 2 prints and $107K of premium. MPC closed at $393.52 on 25 September 2026, up 0.7%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 23 Sep 2026 | MPC 17 Jun 2027 $310 puts | Sweep | 345 | 37 | $867K | At bid | Bullish | Whale |
| 25 Sep 2026 | MPC 20 Nov 2026 $370 calls | Sweep | 91 | 8 | $370K | At ask | Bullish | High conviction |
| 24 Sep 2026 | MPC 16 Oct 2026 $340 calls | Sweep | 60 | 327 | $365K | At bid | Bearish | High conviction |
| 21 Sep 2026 | MPC 16 Oct 2026 $400 puts | Sweep | 110 | 432 | $227K | At ask | Bearish | Notable |
| 23 Sep 2026 | MPC 15 Jan 2027 $350 puts | Sweep | 81 | 5,445 | $185K | At ask | Bearish | High conviction |
| 21 Sep 2026 | MPC 16 Oct 2026 $420 puts | Trade | 79 | 457 | $177K | At bid | Bullish | |
| 25 Sep 2026 | MPC 16 Oct 2026 $420 calls | Sweep | 215 | 674 | $172K | At ask | Bullish | High conviction |
| 24 Sep 2026 | MPC 19 Mar 2027 $450 calls | Sweep | 47 | 189 | $169K | At ask | Bullish | Notable |
| 21 Sep 2026 | MPC 16 Oct 2026 $250 calls | Trade | 10 | 56 | $165K | At bid | Bearish | |
| 22 Sep 2026 | MPC 16 Jun 2028 $320 calls | Sweep | 12 | 103 | $165K | At ask | Bullish | Notable |
| 23 Sep 2026 | MPC 18 Dec 2026 $260 calls | Trade | 10 | 219 | $140K | At bid | Bearish | |
| 22 Sep 2026 | MPC 16 Jun 2028 $320 calls | Trade | 10 | 103 | $137K | At ask | Bullish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 16 Oct 2026 | 65 | $4.1M | 39% | -$233K |
| 15 Jan 2027 | 27 | $1.6M | 32% | -$656K |
| 17 Jun 2027 | 11 | $1.6M | 0% | +$213K |
| 18 Dec 2026 | 21 | $1.2M | 61% | -$491K |
| 20 Nov 2026 | 13 | $989K | 78% | +$482K |
| 16 Jun 2028 | 6 | $611K | 100% | +$472K |
The most premium, $4.1M, is aimed at the 16 Oct 2026 expiry.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | MPC 16 Oct 2026 $410 puts | Trade | 30 | 719 | $75K | At ask | Bearish | |
| 28 Sep 2026 | MPC 16 Oct 2026 $410 puts | Trade | 12 | 719 | $32K | At ask | Bearish |
Every print in MPC with its full detail, the live tape, one tap filters and saved screeners: open MPC in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open MPC in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 13 firms, have a median of $400, 1.6% above the last close. The last 90 days brought 1 downgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Marathon Petroleum Corp.
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Petroleum And Natural Gas
- Headquarters
- Findlay, Ohio
- Website
- marathonpetroleum.com
Marathon Petroleum Corporation operates as an integrated downstream energy company primarily in the United States. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions. The Midstream segment transports, stores, distributes, and markets crude oil, refined products through refining logistics assets, pipelines, terminals, and towboats.
In the same sector
Flow pages for other Energy names in the S&P 500:
XOM ExxonMobil Holdings Corp.CVX Chevron Corp.COP ConocoPhillipsVLO Valero Energy Corp.PSX Phillips 66WMB Williams Companies, Inc.SLB SLB LimitedEOG EOG Resources Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for MPC with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open MPC in Options Sentiment Screener