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: Mar 19, 2027
Days to expiration: 159
Share price: $455.03
Put/call ratio (OI): 0.71
Put/call ratio (volume): 0.63
ATM implied volatility: 50.0%
Expected move: ±$150.03
Open interest (C / P): 3.97K / 2.84K

MPC options summary

The MPC options chain for the March 19, 2027 expiration lists 49 call and 47 put contracts, with 159 days until expiration. Open interest stands at 3,972 calls and 2,838 puts, a put/call ratio of 0.71, which is fairly balanced between calls and puts. At-the-money implied volatility near the $460.00 strike is 50.0%, which implies the market expects a move of about ±$150.03 (33.0%) in Marathon Petroleum stock by expiration.

The most open interest sits at the $380.00 call (508 contracts) and the $280.00 put (336 contracts).

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

MPC options chain · March 19, 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
8	6	120.4%	287.40	353.20	356.80	100.00	0.00	2.15	0.40	111.1%	—	3
—	—	—	—	—	—	105.00	0.10	2.60	0.68	111.5%	2	2
—	—	—	—	—	—	115.00	1.40	3.70	2.30	117.1%	—	4
0	2	85.3%	283.70	323.80	327.50	130.00	—	—	—	—	—	—
2	1	83.7%	297.10	318.90	322.50	135.00	0.00	0.00	1.98	25.0%	2	0
—	—	—	—	—	—	140.00	0.00	0.00	0.35	25.0%	1	0
4	1	82.7%	257.40	309.10	312.80	145.00	0.00	0.00	0.45	25.0%	1	0
2	1	81.7%	233.30	304.20	307.90	150.00	0.00	0.00	0.50	25.0%	5	0
1	—	80.6%	245.00	299.30	303.00	155.00	0.10	0.95	1.40	72.3%	1	9
0	15	—	205.53	0.00	0.00	160.00	0.05	1.30	1.25	72.8%	2	9
1	—	77.3%	235.00	289.50	293.00	165.00	0.30	1.15	2.00	71.5%	1	2
1	—	77.0%	195.94	284.60	288.30	170.00	0.30	1.15	2.20	69.5%	1	2
—	—	—	—	—	—	175.00	0.50	1.50	3.80	70.9%	1	3
0	—	—	61.50	0.00	0.00	180.00	0.00	2.45	0.80	71.2%	1	10
1	1	—	47.20	89.00	92.30	185.00	0.00	2.50	1.10	69.5%	1	4
1	—	72.4%	208.70	265.10	268.70	190.00	0.55	1.85	3.57	67.2%	5	11
10	1	71.8%	191.40	260.30	263.90	195.00	0.65	2.05	3.60	66.6%	1	4
164	1	70.5%	217.41	255.40	259.00	200.00	0.00	1.25	0.47	57.6%	2	92
63	1	68.1%	215.50	245.60	249.30	210.00	0.00	2.90	0.70	62.1%	20	30
38	10	65.5%	172.80	236.00	239.30	220.00	0.00	3.10	0.94	59.4%	12	58
262	2	64.9%	163.70	226.60	230.00	230.00	0.00	2.15	1.20	52.8%	2	29
249	2	63.5%	204.80	217.10	220.60	240.00	0.35	1.95	1.60	50.4%	20	17
52	5	61.8%	221.00	207.70	211.00	250.00	0.95	3.20	2.30	52.9%	9	107
331	3	60.6%	144.80	198.40	201.80	260.00	1.35	4.00	7.72	52.5%	1	42
16	7	59.8%	126.45	189.20	192.90	270.00	1.95	5.10	8.40	52.5%	2	56
119	1	57.9%	165.20	180.00	183.30	280.00	2.75	5.50	3.10	51.3%	2	336
67	6	56.9%	159.50	171.00	174.40	290.00	4.10	6.60	4.70	51.5%	1	297
43	2	56.5%	108.50	162.60	165.70	300.00	5.40	7.70	5.98	51.2%	26	312
51	1	55.5%	156.00	153.60	157.40	310.00	6.70	9.00	7.10	50.7%	2	328
34	2	55.2%	92.80	145.70	149.00	320.00	7.70	10.60	15.85	52.4%	1	31
23	2	54.7%	146.10	137.50	141.10	330.00	9.40	12.40	18.50	51.9%	1	31
50	1	54.4%	119.35	130.00	133.20	340.00	11.80	14.30	12.30	51.2%	1	119
114	5	53.5%	107.75	122.20	125.20	350.00	14.40	16.10	15.00	50.2%	8	35
58	3	53.0%	127.70	114.60	118.00	360.00	16.90	18.70	16.80	49.9%	5	65
107	44	53.1%	66.88	108.20	111.00	370.00	19.90	21.60	19.10	49.7%	1	46
508	11	52.6%	112.00	101.20	104.20	380.00	22.80	24.70	22.80	49.5%	1	50
41	3	52.4%	84.00	94.70	97.90	390.00	26.40	28.00	29.80	49.1%	1	50
102	1	52.4%	97.50	88.50	92.30	400.00	30.00	31.20	29.80	48.4%	3	30
33	1	52.1%	48.20	82.80	86.00	410.00	33.70	35.20	33.30	48.2%	1	41
300	3	51.9%	86.50	77.30	80.20	420.00	38.30	40.50	37.50	49.0%	3	254
99	1	51.8%	72.80	72.10	75.00	430.00	42.80	44.60	42.10	48.3%	3	69
126	1	52.1%	74.50	67.30	70.80	440.00	47.70	50.30	48.50	48.9%	2	96
203	30	51.5%	65.70	62.40	65.10	450.00	52.90	54.30	54.90	47.7%	11	125
MPC $455.03
47	7	51.6%	59.11	57.80	61.50	460.00	58.60	60.60	67.70	48.3%	1	4
55	4	51.5%	55.00	54.50	56.40	470.00	64.20	67.10	62.30	48.8%	15	18
57	1	51.3%	51.30	49.90	52.80	480.00	69.70	72.90	68.10	48.5%	1	2
27	16	51.2%	47.30	46.50	48.80	490.00	—	—	—	—	—	—
88	5	51.3%	44.40	42.90	45.70	500.00	—	—	—	—	—	—
119	2	51.1%	44.20	36.80	39.10	520.00	—	—	—	—	—	—
37	1	51.3%	32.73	31.60	34.20	540.00	—	—	—	—	—	—
150	11	51.3%	28.30	26.80	29.50	560.00	126.40	129.10	120.10	47.5%	1	2
42	53	51.1%	29.80	23.10	24.80	580.00	141.80	145.00	160.00	47.3%	1	3
66	15	51.1%	21.50	19.60	21.30	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 March 19, 2027 expiration, the MPC put/call ratio based on open interest is 0.71 (2,838 puts vs 3,972 calls), and 0.63 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 March 19, 2027 is about 50.0%, 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.