Investors in Marathon Petroleum Corp. (MPC) saw new options trading begin for June 2028 expiration on October 5, 2023. The $260.00 strike put contract currently has a bid of $43.20, allowing investors to potentially acquire shares at an effective price of $216.80—a 2% discount from the current trading price of $266.43. The odds of this put contract expiring worthless are estimated at 66%, offering a potential return of 16.62% on the cash commitment.
On the call side, the $300.00 strike call contract has a bid of $45.00. If shares are purchased at today’s price and the call is sold, investors could realize a total return of 29.49% if the stock is called away by June 2028. The likelihood of this call expiring worthless is 47%, which could still provide a 16.89% additional return for investors, or 8.68% annualized. The implied volatility for both contracts is approximately 38%, while the actual trailing volatility is calculated at 32%.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
