Marathon Petroleum (MPC) Options Chain

NYSE: MPCEnergyIntegrated oil CompaniesUSD

455.03-8.31 (-1.79%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 41
Share price: $455.03
Put/call ratio (OI): 0.68
Put/call ratio (volume): 2.72
ATM implied volatility: 50.6%
Expected move: ±$77.16
Open interest (C / P): 3.45K / 2.35K

MPC options summary

The MPC options chain for the November 20, 2026 expiration lists 40 call and 33 put contracts, with 41 days until expiration. Open interest stands at 3,450 calls and 2,352 puts, a put/call ratio of 0.68, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $460.00 strike is 50.6%, which implies the market expects a move of about ±$77.16 (17.0%) in Marathon Petroleum stock by expiration.

The most open interest sits at the $510.00 call (742 contracts) and the $400.00 put (354 contracts).

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

MPC options chain · November 20, 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
1	—	109.4%	196.20	253.60	257.50	200.00	0.00	0.55	0.07	100.9%	1	2
1	—	81.6%	175.00	233.80	236.50	220.00	—	—	—	—	—	—
0	1	88.1%	232.25	223.80	227.00	230.00	—	—	0.05	—	—	—
1	1	88.1%	222.35	213.90	217.30	240.00	—	—	—	—	—	—
5	1	75.0%	171.50	203.90	206.70	250.00	0.00	2.20	0.86	92.0%	—	18
5	1	80.0%	160.60	194.00	197.40	260.00	—	—	—	—	—	—
8	1	74.2%	161.50	174.20	177.70	280.00	0.00	0.80	0.29	65.5%	5	19
39	1	71.3%	111.30	164.40	167.80	290.00	0.00	1.55	0.35	67.6%	2	6
9	2	66.7%	155.40	154.50	157.70	300.00	0.20	1.60	0.40	64.8%	22	144
—	—	—	—	—	—	310.00	0.40	2.75	0.56	66.8%	8	33
4	2	62.5%	112.72	135.00	138.30	320.00	0.65	2.85	0.95	63.5%	8	198
2	1	59.0%	102.60	125.40	128.20	330.00	0.10	1.85	1.00	52.5%	285	83
4	2	56.6%	100.50	115.70	118.60	340.00	0.60	3.10	1.84	54.9%	3	156
8	1	56.1%	87.40	106.60	109.30	350.00	2.00	3.90	2.25	56.3%	56	231
11	9	55.4%	68.56	97.40	100.40	360.00	2.20	3.70	3.33	51.5%	14	124
103	1	54.0%	72.82	88.50	91.30	370.00	4.10	4.70	4.53	52.4%	39	154
29	2	55.0%	82.75	80.40	83.40	380.00	5.50	6.60	5.85	52.6%	38	114
77	10	53.8%	81.89	72.00	75.10	390.00	7.40	8.30	7.70	52.1%	17	112
105	17	52.6%	63.56	63.90	67.10	400.00	9.60	10.80	9.81	52.0%	105	354
112	11	52.3%	58.99	56.50	59.90	410.00	12.40	13.50	12.80	51.9%	191	143
127	5	51.8%	55.81	49.70	52.80	420.00	15.60	17.00	16.30	51.9%	72	186
207	33	51.9%	50.90	43.60	46.70	430.00	19.30	20.80	20.05	51.8%	157	97
245	4	51.4%	46.45	37.80	40.60	440.00	23.00	25.10	24.10	51.2%	41	42
418	13	51.5%	33.50	33.20	34.90	450.00	27.90	30.90	29.70	52.1%	15	24
MPC $455.03
167	29	50.7%	30.05	27.70	30.20	460.00	32.60	34.90	34.30	50.5%	15	59
149	118	51.0%	25.64	23.80	26.10	470.00	38.50	40.60	39.80	50.4%	9	31
181	29	50.7%	19.40	19.90	22.30	480.00	44.50	47.90	41.70	51.0%	3	13
56	25	51.3%	20.80	16.90	19.50	490.00	51.40	54.30	96.80	50.8%	—	1
343	28	51.0%	14.90	14.10	16.30	500.00	58.10	61.70	59.20	50.5%	3	3
742	6	51.6%	13.00	11.60	14.50	510.00	65.50	69.20	104.10	50.4%	—	1
51	2	50.9%	11.22	9.40	11.70	520.00	—	—	—	—	—	—
29	5	51.0%	9.25	7.70	9.90	530.00	81.60	84.90	100.50	53.5%	2	2
50	4	51.2%	7.76	6.40	8.30	540.00	—	—	—	—	—	—
20	32	51.3%	5.90	5.30	6.90	550.00	99.30	102.20	141.08	50.5%	—	1
27	5	51.5%	5.00	3.60	6.50	560.00	—	—	—	—	—	—
73	2	52.1%	5.34	3.40	5.20	570.00	—	—	—	—	—	—
1	1	51.6%	3.32	2.00	4.80	580.00	126.50	129.00	191.30	53.9%	—	0
—	—	—	1.54	—	—	590.00	135.90	138.80	196.00	55.9%	2	0
29	1	52.3%	3.30	1.75	3.00	600.00	145.10	148.30	206.00	56.5%	—	0
11	3	54.1%	2.79	0.90	3.60	610.00	154.60	157.90	170.50	57.3%	1	1
—	—	—	2.60	—	—	620.00	—	—	—	—	—	—

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 November 20, 2026 expiration, the MPC put/call ratio based on open interest is 0.68 (2,352 puts vs 3,450 calls), and 2.72 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 November 20, 2026 is about 50.6%, 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.