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: Dec 18, 2026
Days to expiration: 68
Share price: $455.03
Put/call ratio (OI): 1.13
Put/call ratio (volume): 1.24
ATM implied volatility: 51.4%
Expected move: ±$101.01
Open interest (C / P): 7.24K / 8.15K

MPC options summary

The MPC options chain for the December 18, 2026 expiration lists 66 call and 55 put contracts, with 68 days until expiration. Open interest stands at 7,240 calls and 8,155 puts, a put/call ratio of 1.13, which is fairly balanced between calls and puts. At-the-money implied volatility near the $460.00 strike is 51.4%, which implies the market expects a move of about ±$101.01 (22.2%) in Marathon Petroleum stock by expiration.

The most open interest sits at the $400.00 call (755 contracts) and the $400.00 put (775 contracts).

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

MPC options chain · December 18, 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	1	238.2%	365.10	393.00	396.50	60.00	—	—	—	—	—	—
1	—	—	170.50	146.70	150.60	65.00	—	—	—	—	—	—
2	—	—	165.80	141.70	145.60	70.00	—	—	—	—	—	—
2	—	—	160.70	136.80	140.70	75.00	0.00	0.00	0.45	50.0%	1	0
2	2	208.1%	348.10	373.10	376.70	80.00	0.00	2.60	0.75	199.7%	20	35
1	1	202.9%	321.50	368.10	371.80	85.00	0.05	1.50	0.65	178.3%	1	0
0	1	—	133.70	174.80	178.60	90.00	0.00	2.15	0.05	180.8%	6	28
100	1	—	128.74	169.90	173.70	95.00	0.15	2.75	0.90	183.3%	5	13
3	—	183.4%	306.50	353.20	356.80	100.00	0.00	2.15	0.25	169.2%	1	15
1	1	—	89.00	94.50	99.00	105.00	0.00	2.15	0.10	163.9%	7	81
1	1	102.3%	351.40	343.30	346.80	110.00	0.00	0.75	1.03	137.4%	1	262
8	4	—	26.40	45.90	47.20	115.00	0.00	0.00	0.41	50.0%	1	0
5	2	117.7%	294.20	333.40	337.00	120.00	0.10	0.90	1.30	134.0%	10	19
—	—	—	—	—	—	125.00	0.00	2.15	0.43	145.0%	4	135
1	1	—	52.30	49.80	53.40	130.00	0.00	0.00	0.05	50.0%	18	0
3	1	—	132.95	163.20	167.00	135.00	0.00	2.15	0.05	136.8%	2	21
0	1	—	85.70	0.00	0.00	140.00	0.00	2.15	0.10	132.9%	1	160
48	1	101.6%	277.50	308.40	312.00	145.00	0.00	0.00	3.32	50.0%	1	0
28	1	104.0%	272.50	303.40	307.20	150.00	0.00	2.15	0.43	125.5%	70	273
11	1	95.9%	243.60	298.50	301.90	155.00	0.00	2.15	0.10	122.0%	1	411
0	3	—	190.60	0.00	0.00	160.00	0.00	0.00	2.00	50.0%	2	0
10	1	97.5%	255.10	288.60	292.10	165.00	0.00	2.15	0.20	115.4%	2	50
35	1	90.6%	271.05	283.50	287.00	170.00	0.00	0.00	0.25	50.0%	5	0
94	1	—	138.00	187.30	191.40	175.00	0.00	0.10	1.10	75.8%	3	24
32	1	107.6%	284.90	273.60	276.20	180.00	0.00	2.15	0.57	106.2%	70	122
82	11	87.1%	248.50	268.70	272.00	185.00	0.00	0.80	4.64	89.8%	1	25
187	1	82.9%	276.10	263.60	267.00	190.00	0.00	2.20	0.50	100.9%	1	189
35	1	83.9%	229.14	258.70	262.10	195.00	0.00	0.00	0.56	50.0%	1	0
240	1	81.5%	242.20	253.70	257.10	200.00	0.00	2.20	0.05	95.5%	3	79
94	1	77.0%	255.30	243.70	247.10	210.00	0.00	0.00	1.09	25.0%	1	0
149	8	75.2%	189.56	233.80	237.20	220.00	0.00	0.00	1.20	25.0%	5	0
186	1	72.9%	169.92	223.90	227.30	230.00	0.00	2.30	1.72	81.3%	1	128
116	1	63.5%	150.60	214.00	216.70	240.00	0.00	2.35	0.25	77.0%	2	44
200	3	67.8%	209.95	204.10	207.50	250.00	0.10	0.40	0.38	58.1%	2	48
274	5	64.4%	203.00	194.20	197.50	260.00	0.00	2.50	0.85	69.1%	11	130
442	5	63.3%	196.89	184.40	187.80	270.00	0.10	1.05	0.53	57.4%	5	115
93	4	61.6%	156.15	174.60	178.10	280.00	0.30	1.10	0.68	55.5%	3	121
270	32	60.4%	145.52	165.00	168.40	290.00	0.55	1.10	0.95	53.3%	4	269
121	1	58.7%	155.20	155.40	158.70	300.00	0.40	1.95	1.37	52.9%	1	735
186	1	57.0%	159.80	145.80	149.10	310.00	1.30	2.55	1.70	54.3%	4	469
106	1	56.7%	86.00	136.50	140.00	320.00	1.85	3.10	2.85	53.3%	18	213
209	9	55.5%	117.00	127.30	130.70	330.00	2.80	3.50	3.30	52.4%	7	759
75	2	56.0%	127.37	118.80	122.00	340.00	3.70	5.20	4.23	53.1%	6	167
88	3	54.0%	123.30	109.70	112.70	350.00	4.80	6.60	4.58	52.7%	4	167
71	5	53.8%	75.40	101.40	104.30	360.00	5.80	8.30	7.10	51.9%	7	98
351	1	53.5%	103.60	93.30	96.20	370.00	7.50	10.10	8.50	51.5%	9	290
257	1	54.0%	99.75	85.90	88.90	380.00	10.40	11.60	10.82	51.4%	6	417
221	2	52.9%	86.60	77.90	81.20	390.00	12.70	14.60	12.91	51.4%	6	134
755	15	52.6%	72.00	70.90	74.00	400.00	15.70	17.10	16.70	51.0%	92	775
172	12	53.0%	71.45	64.80	67.50	410.00	19.10	21.00	19.00	51.4%	6	313
258	4	52.6%	65.30	58.10	61.40	420.00	22.80	24.30	23.50	51.0%	18	446
213	3	52.2%	61.91	52.00	55.40	430.00	26.90	29.10	26.10	51.3%	1	66
127	1	52.0%	49.43	46.50	50.00	440.00	31.00	33.20	33.00	50.6%	3	120
340	1	51.9%	51.40	41.60	44.80	450.00	35.50	38.60	35.30	50.5%	2	185
MPC $455.03
199	148	51.4%	39.10	36.90	39.70	460.00	—	—	40.00	—	—	—
198	7	51.5%	35.20	32.80	35.50	470.00	—	—	—	—	—	—
68	7	51.2%	31.40	28.80	31.50	480.00	—	—	—	—	—	—
45	5	51.3%	33.70	25.50	28.00	490.00	—	—	—	—	—	—
159	5	50.8%	27.30	22.10	24.40	500.00	66.00	69.10	117.49	52.0%	1	1
36	1	51.1%	25.62	19.80	21.50	510.00	—	—	—	—	—	—
25	2	51.2%	21.60	17.20	19.20	520.00	—	—	—	—	—	—
23	2	51.3%	19.50	14.70	17.30	530.00	—	—	—	—	—	—
48	9	51.0%	14.60	12.70	14.90	540.00	—	—	—	—	—	—
44	10	51.1%	14.17	9.30	11.80	560.00	—	—	—	—	—	—
27	3	51.0%	8.32	6.80	9.00	580.00	129.90	133.20	187.90	51.8%	—	1
61	11	51.8%	6.50	5.40	7.00	600.00	147.90	151.20	211.60	51.9%	1	2
—	—	—	6.40	—	—	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 December 18, 2026 expiration, the MPC put/call ratio based on open interest is 1.13 (8,155 puts vs 7,240 calls), and 1.24 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 December 18, 2026 is about 51.4%, 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.