Marathon Petroleum (MPC) Options Chain

NYSE: MPCEnergyIntegrated oil CompaniesUSD

463.34+21.08 (+4.77%)

At close: Oct 8, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 8
Share price: $463.34
Put/call ratio (OI): 1.51
Put/call ratio (volume): 1.56
ATM implied volatility: 50.4%
Expected move: ±$34.56
Open interest (C / P): 12.83K / 19.33K

MPC options summary

The MPC options chain for the October 16, 2026 expiration lists 52 call and 52 put contracts, with 8 days until expiration. Open interest stands at 12,830 calls and 19,327 puts, a put/call ratio of 1.51, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $460.00 strike is 50.4%, which implies the market expects a move of about ±$34.56 (7.5%) in Marathon Petroleum stock by expiration.

The most open interest sits at the $550.00 call (976 contracts) and the $340.00 put (2.82K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

MPC options chain · October 16, 2026

MPC calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	7	—	231.00	0.00	0.00	110.00	—	—	—	—	—	—
1	1	367.0%	343.00	341.90	345.30	120.00	0.00	2.15	0.05	443.4%	3	195
2	1	356.3%	338.00	336.90	340.30	125.00	0.00	0.70	0.73	369.1%	2	7
—	—	—	—	—	—	130.00	0.00	0.00	1.20	50.0%	5	0
1	1	365.4%	328.00	327.40	330.30	135.00	0.00	0.75	1.15	351.2%	2	5
1	—	326.6%	273.00	321.90	325.30	140.00	0.00	0.75	0.80	341.4%	1	7
—	—	—	276.60	—	—	145.00	0.00	2.15	0.05	383.9%	20	21
1	—	331.1%	240.60	311.90	315.70	150.00	0.00	2.15	0.05	373.2%	2	205
1	1	317.2%	245.20	306.90	310.60	155.00	0.00	2.15	0.03	363.1%	1	2
0	15	—	155.70	0.00	0.00	160.00	0.00	2.00	1.08	349.3%	4	5
4	2	308.6%	221.90	297.40	300.30	165.00	0.00	2.30	1.14	347.3%	1	2
5	1	300.2%	256.30	292.40	295.30	170.00	0.00	2.45	1.05	341.3%	1	15
4	1	295.9%	224.70	287.50	290.30	175.00	0.00	0.45	0.29	263.9%	1	15
0	2	260.9%	220.10	281.90	285.30	180.00	0.00	0.55	0.34	262.9%	1	0
4	1	253.9%	244.00	276.90	280.30	185.00	0.00	2.15	0.05	308.2%	70	94
6	1	275.8%	207.50	272.50	275.40	190.00	0.00	2.65	2.95	310.2%	2	7
3	2	268.3%	197.90	267.50	270.40	195.00	0.00	0.75	0.71	251.4%	1	19
111	2	238.7%	183.30	261.90	265.40	200.00	0.00	2.15	1.10	284.1%	3	44
20	1	230.1%	211.60	252.00	255.40	210.00	0.00	2.15	1.68	269.0%	6	82
521	1	217.6%	243.40	242.20	245.20	220.00	0.00	2.15	0.90	254.6%	1	174
86	1	225.9%	233.00	232.70	235.40	230.00	0.00	0.05	0.05	156.3%	3	227
159	1	206.2%	185.00	222.60	225.20	240.00	0.00	2.15	0.02	227.7%	5	181
57	2	183.1%	185.50	212.00	215.40	250.00	0.00	0.05	0.05	138.3%	1	274
218	1	185.6%	182.90	202.80	205.10	260.00	0.00	0.05	0.03	129.7%	1	710
272	1	182.5%	170.28	192.80	195.50	270.00	0.00	2.15	0.10	191.2%	1	284
175	1	169.9%	161.25	182.60	185.60	280.00	0.00	2.15	0.05	179.8%	1	542
103	8	145.4%	144.28	172.10	175.40	290.00	0.00	2.15	0.23	168.8%	1	229
568	1	144.1%	159.30	162.10	165.80	300.00	0.00	0.25	0.05	117.0%	3	1,019
119	1	139.4%	151.75	152.70	155.50	310.00	0.00	1.00	0.54	130.6%	2	170
304	6	128.3%	114.00	142.90	145.20	320.00	0.00	1.50	0.58	129.5%	3	1,935
446	1	117.6%	108.65	132.50	135.50	330.00	0.05	0.10	0.01	88.3%	8	917
358	1	112.5%	103.00	122.70	125.60	340.00	0.05	0.35	0.10	91.2%	22	2,820
267	1	101.1%	109.30	112.90	115.20	350.00	0.05	0.20	0.12	78.7%	62	1,004
631	2	95.6%	101.77	102.80	105.60	360.00	0.10	0.20	0.14	73.2%	132	1,982
454	2	81.6%	92.23	92.30	95.60	370.00	0.10	0.50	0.16	72.8%	32	584
403	9	80.7%	84.46	82.90	85.80	380.00	0.05	0.35	0.20	61.5%	117	1,507
331	17	69.7%	74.14	72.50	75.90	390.00	0.15	0.40	0.22	57.1%	443	786
400	19	64.0%	64.30	63.20	65.60	400.00	0.35	0.60	0.49	54.6%	333	1,013
507	19	62.1%	56.90	53.70	56.40	410.00	0.50	1.10	0.77	52.0%	177	951
845	55	53.5%	46.80	43.50	46.80	420.00	1.20	1.90	1.40	51.3%	256	535
549	75	52.2%	38.30	35.20	37.60	430.00	1.90	2.85	2.40	50.9%	230	407
864	99	51.1%	28.70	27.20	29.50	440.00	3.90	4.80	4.42	50.1%	464	222
607	123	52.0%	21.20	20.30	23.10	450.00	6.30	7.60	6.44	49.0%	128	41
708	311	52.3%	15.00	14.00	16.00	460.00	10.90	11.60	11.32	48.4%	81	2
MPC $463.34
183	252	51.5%	10.40	9.90	11.10	470.00	15.90	17.30	14.90	49.8%	20	2
73	152	51.4%	6.90	6.80	7.50	480.00	21.10	24.20	20.95	51.6%	14	65
450	116	51.0%	4.50	4.00	4.80	490.00	28.50	31.60	32.45	51.7%	2	1
168	212	51.7%	2.80	2.15	3.10	500.00	37.00	40.30	38.44	54.8%	95	18
30	82	50.0%	1.75	1.35	1.95	510.00	46.00	49.50	120.00	58.5%	3	0
451	54	51.3%	0.89	0.60	1.05	520.00	55.40	58.20	98.40	56.2%	3	0
260	11	53.9%	1.00	0.15	0.75	530.00	64.70	68.40	110.60	64.8%	2	0
123	35	52.3%	0.24	0.10	0.60	540.00	74.80	78.20	147.20	69.4%	2	0
976	79	64.2%	0.20	0.05	1.30	550.00	84.50	88.10	86.41	74.5%	15	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the MPC put/call ratio?

For the October 16, 2026 expiration, the MPC put/call ratio based on open interest is 1.51 (19,327 puts vs 12,830 calls), and 1.56 based on today's volume. A ratio above 1 means more puts than calls.

What is MPC's implied volatility?

At-the-money implied volatility for MPC options expiring October 16, 2026 is about 50.4%, an annualized estimate of how much the market expects Marathon Petroleum stock to move.

How many MPC option expiration dates are there?

MPC has 11 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.