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: Jan 15, 2027
Days to expiration: 97
Share price: $455.03
Put/call ratio (OI): 1.38
Put/call ratio (volume): 0.70
ATM implied volatility: 51.6%
Expected move: ±$120.99
Open interest (C / P): 12.56K / 17.30K

MPC options summary

The MPC options chain for the January 15, 2027 expiration lists 65 call and 57 put contracts, with 97 days until expiration. Open interest stands at 12,562 calls and 17,303 puts, a put/call ratio of 1.38, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $460.00 strike is 51.6%, which implies the market expects a move of about ±$120.99 (26.6%) in Marathon Petroleum stock by expiration.

The most open interest sits at the $240.00 call (925 contracts) and the $380.00 put (4.04K contracts).

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

MPC options chain · January 15, 2027

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
—	—	—	—	—	—	60.00	0.00	0.00	0.09	50.0%	4	0
1	—	191.7%	331.07	388.10	391.50	65.00	0.00	1.40	0.45	171.1%	1	130
1	—	184.2%	331.20	383.10	386.50	70.00	0.05	1.60	0.70	168.5%	60	141
0	1	—	209.50	286.00	289.90	75.00	0.00	1.05	0.65	152.3%	12	21
1	1	176.4%	309.80	373.10	376.80	80.00	0.00	0.00	0.37	50.0%	1	0
1	2	168.5%	316.30	368.10	371.70	85.00	0.00	0.00	0.45	50.0%	2	0
1	4	161.1%	299.90	363.20	366.60	90.00	0.00	0.00	0.65	50.0%	1	0
1	1	93.8%	299.70	358.20	361.90	95.00	—	—	—	—	—	—
1	1	—	166.17	197.70	201.50	100.00	0.00	2.20	0.05	142.5%	5	38
6	1	—	144.70	141.30	145.40	105.00	0.00	2.20	0.50	138.0%	3	504
2	5	143.0%	286.70	343.30	346.70	110.00	0.00	0.00	1.20	50.0%	9	0
191	1	138.7%	279.80	338.30	341.70	115.00	0.00	2.20	0.12	129.7%	1	17
370	1	134.6%	345.27	333.30	336.70	120.00	0.00	2.25	0.14	126.3%	4	14
279	2	—	102.09	129.20	133.20	125.00	0.00	2.00	0.48	120.4%	4	116
63	5	—	51.50	79.50	83.00	130.00	0.05	2.20	0.10	119.0%	1	160
22	1	86.9%	261.80	318.40	321.90	135.00	0.00	2.20	0.05	115.2%	2	115
51	1	87.6%	258.90	313.40	317.00	140.00	0.00	0.00	0.44	50.0%	7	0
0	1	—	69.03	0.00	0.00	145.00	0.00	0.70	0.70	92.8%	1	134
41	1	—	117.05	212.20	216.00	150.00	0.00	2.35	0.60	106.8%	21	238
0	1	—	96.04	0.00	0.00	155.00	0.00	0.75	0.95	88.4%	1	101
15	1	89.5%	229.80	293.70	297.40	160.00	0.00	0.75	1.00	85.9%	17	1,406
42	1	85.9%	258.80	288.60	292.40	165.00	0.00	2.25	0.50	97.5%	9	912
106	92	82.3%	282.70	283.70	287.20	170.00	0.00	0.85	1.00	82.5%	15	213
127	1	84.4%	210.75	278.90	282.40	175.00	0.00	2.30	0.20	92.6%	5	116
374	1	75.2%	283.00	273.50	277.20	180.00	0.00	2.30	1.23	90.1%	1	306
170	1	83.1%	216.90	269.10	272.60	185.00	0.00	2.30	0.10	87.6%	1	46
179	48	82.9%	211.00	264.20	267.80	190.00	0.00	0.00	0.73	25.0%	1	0
85	1	—	132.90	168.60	172.10	195.00	0.00	2.35	1.23	83.2%	1	23
762	1	80.8%	236.58	254.40	258.00	200.00	0.00	2.40	1.38	81.2%	1	703
119	6	77.5%	225.00	244.40	248.20	210.00	0.00	2.40	1.00	76.8%	45	87
502	1	73.8%	176.75	234.70	238.00	220.00	0.00	2.45	1.32	72.9%	14	150
96	13	71.5%	205.00	224.90	228.20	230.00	0.00	0.70	0.46	57.3%	2	164
925	1	68.3%	180.00	215.00	218.30	240.00	0.05	0.80	0.54	55.4%	10	236
232	1	67.5%	216.36	205.40	208.80	250.00	0.25	0.95	0.66	54.8%	2	673
424	2	65.4%	206.85	195.70	199.10	260.00	0.60	1.25	0.86	55.1%	20	251
270	6	63.1%	189.64	186.10	189.30	270.00	0.75	1.25	1.05	52.5%	8	120
145	5	60.8%	180.00	176.40	179.60	280.00	0.65	1.65	1.60	50.5%	7	180
197	3	60.5%	148.85	167.10	170.60	290.00	1.40	2.60	1.75	52.5%	4	180
685	1	58.5%	158.00	157.80	160.90	300.00	1.95	3.40	2.41	52.3%	4	73
205	10	57.4%	157.20	148.50	151.90	310.00	1.90	4.70	3.00	51.3%	4	82
226	2	57.0%	151.51	139.70	143.10	320.00	2.85	5.70	4.90	51.0%	1	95
746	1	55.8%	139.50	130.70	134.30	330.00	4.30	6.90	5.00	51.2%	1	247
429	6	55.0%	112.00	122.20	125.60	340.00	5.80	8.30	6.10	51.0%	3	53
156	1	54.0%	122.15	114.00	116.90	350.00	7.30	10.10	8.10	50.7%	5	3,448
167	26	53.8%	119.30	106.10	109.10	360.00	9.40	12.00	12.00	50.5%	1	274
119	3	53.5%	109.97	98.20	101.70	370.00	11.90	13.20	11.55	50.7%	5	119
488	24	52.8%	102.00	90.80	93.90	380.00	14.20	15.90	14.60	50.7%	9	4,038
105	1	52.9%	97.60	83.80	87.50	390.00	16.80	18.80	16.11	50.5%	1	131
418	1	52.3%	85.18	77.20	80.10	400.00	20.50	22.00	19.70	50.2%	18	223
558	2	51.9%	80.32	70.60	73.80	410.00	24.20	26.40	22.47	51.0%	1	28
354	3	51.6%	66.00	64.50	67.70	420.00	28.10	30.60	35.36	51.0%	2	211
178	39	51.5%	61.30	59.00	62.00	430.00	32.10	34.60	30.01	50.5%	1	54
95	3	51.7%	63.10	53.90	57.20	440.00	36.70	39.20	35.60	50.2%	1	676
515	6	51.0%	51.50	48.70	51.60	450.00	41.70	44.70	43.00	50.6%	5	37
MPC $455.03
181	8	51.6%	54.50	45.00	47.40	460.00	—	—	—	—	—	—
191	27	51.4%	41.30	40.90	42.90	470.00	52.30	55.90	53.80	50.4%	19	15
83	4	50.8%	38.10	36.10	38.90	480.00	—	—	—	—	—	—
20	103	50.9%	33.65	32.70	35.40	490.00	—	—	—	—	—	—
203	10	51.0%	31.78	29.50	32.20	500.00	—	—	—	—	—	—
71	2	50.6%	35.00	26.10	28.90	510.00	—	—	—	—	—	—
173	2	50.5%	28.60	23.40	26.00	520.00	85.40	88.90	88.00	49.7%	2	2
39	4	50.6%	25.10	21.30	23.30	530.00	—	—	—	—	—	—
61	3	50.6%	20.00	18.80	21.20	540.00	100.60	104.00	103.20	49.4%	1	1
40	11	51.2%	21.50	15.60	17.50	560.00	—	—	—	—	—	—
189	25	51.0%	17.41	11.90	14.30	580.00	133.60	136.90	188.60	49.3%	—	1
65	6	50.9%	10.68	9.50	11.30	600.00	—	—	—	—	—	—

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 January 15, 2027 expiration, the MPC put/call ratio based on open interest is 1.38 (17,303 puts vs 12,562 calls), and 0.70 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 January 15, 2027 is about 51.6%, 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.