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: Apr 16, 2027
Days to expiration: 187
Share price: $455.03
Put/call ratio (OI): 0.31
Put/call ratio (volume): 1.92
ATM implied volatility: 51.5%
Expected move: ±$167.90
Open interest (C / P): 1.15K / 357

MPC options summary

The MPC options chain for the April 16, 2027 expiration lists 33 call and 21 put contracts, with 187 days until expiration. Open interest stands at 1,151 calls and 357 puts, a put/call ratio of 0.31, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $460.00 strike is 51.5%, which implies the market expects a move of about ±$167.90 (36.9%) in Marathon Petroleum stock by expiration.

The most open interest sits at the $450.00 call (621 contracts) and the $280.00 put (126 contracts).

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

MPC options chain · April 16, 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
2	1	69.8%	266.30	265.70	269.10	190.00	0.15	1.05	0.55	55.8%	4	7
2	1	69.5%	259.70	260.90	264.50	195.00	—	—	—	—	—	—
2	—	69.3%	204.59	256.10	260.00	200.00	—	—	—	—	—	—
3	2	67.8%	179.00	246.60	250.50	210.00	—	—	—	—	—	—
—	—	—	—	—	—	220.00	0.00	0.00	4.00	25.0%	4	0
1	—	64.0%	170.20	227.80	231.10	230.00	0.40	3.50	5.40	54.0%	2	3
2	1	62.1%	221.30	218.60	221.30	240.00	0.90	3.70	6.30	52.7%	—	1
1	1	60.9%	146.90	209.30	212.10	250.00	2.00	2.90	2.75	50.4%	2	1
—	—	—	—	—	—	260.00	2.20	4.90	9.30	51.5%	—	1
1	—	58.3%	155.20	182.70	185.30	280.00	3.90	6.70	11.10	50.4%	125	126
1	1	57.2%	114.50	173.80	176.60	290.00	5.50	6.90	6.00	51.0%	1	4
1	—	56.9%	109.94	165.50	168.50	300.00	6.30	9.20	8.34	52.3%	1	13
0	—	—	78.70	0.00	0.00	310.00	—	—	—	—	—	—
5	1	55.7%	100.69	149.00	152.40	320.00	—	—	—	—	—	—
—	—	—	—	—	—	330.00	11.50	14.50	16.20	50.8%	5	6
3	3	54.5%	95.60	133.40	136.90	340.00	13.70	16.60	34.64	50.2%	5	5
24	2	54.0%	136.20	126.00	129.50	350.00	16.30	19.10	33.00	49.9%	1	44
163	3	53.8%	104.37	119.20	122.50	360.00	19.00	22.10	34.60	49.8%	1	1
5	4	53.4%	69.89	112.30	115.60	370.00	22.10	24.90	36.90	49.3%	1	2
3	1	53.2%	64.00	105.90	109.20	380.00	25.50	28.20	44.71	49.1%	72	57
4	1	52.4%	65.24	99.00	102.40	390.00	29.70	31.00	51.10	48.1%	1	17
18	2	52.4%	79.36	93.50	96.40	400.00	33.50	35.80	33.70	48.8%	12	4
5	4	52.1%	52.74	87.50	90.80	410.00	—	—	—	—	—	—
5	1	52.1%	86.29	82.10	85.70	420.00	42.00	44.40	41.50	48.4%	1	5
8	—	51.9%	65.10	77.00	80.30	430.00	—	—	—	—	—	—
40	19	51.7%	74.00	72.10	75.20	440.00	51.40	54.20	80.50	48.2%	1	51
621	4	51.5%	78.20	67.50	70.40	450.00	56.70	58.30	86.90	47.1%	1	8
MPC $455.03
15	1	51.5%	72.05	63.00	66.40	460.00	—	—	—	—	—	—
23	1	51.4%	66.00	59.00	61.90	470.00	—	—	—	—	—	—
71	3	51.6%	56.30	55.30	58.40	480.00	—	—	—	—	—	—
17	1	51.3%	58.20	51.60	54.30	490.00	—	—	—	—	—	—
44	15	51.3%	54.50	48.20	50.80	500.00	—	—	—	—	—	—
39	37	51.2%	43.50	41.90	44.50	520.00	—	—	—	—	—	—
3	1	51.2%	44.25	36.30	39.00	540.00	—	—	—	—	—	—
12	11	51.2%	13.28	27.50	29.70	580.00	145.00	148.00	197.90	46.4%	—	1
7	3	51.3%	28.58	23.80	26.00	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 April 16, 2027 expiration, the MPC put/call ratio based on open interest is 0.31 (357 puts vs 1,151 calls), and 1.92 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 April 16, 2027 is about 51.5%, 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.