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: Sep 17, 2027
Days to expiration: 341
Share price: $455.03
Put/call ratio (OI): 0.95
Put/call ratio (volume): 0.45
ATM implied volatility: 52.4%
Expected move: ±$230.60
Open interest (C / P): 1.49K / 1.41K

MPC options summary

The MPC options chain for the September 17, 2027 expiration lists 33 call and 20 put contracts, with 341 days until expiration. Open interest stands at 1,485 calls and 1,414 puts, a put/call ratio of 0.95, which is fairly balanced between calls and puts. At-the-money implied volatility near the $460.00 strike is 52.4%, which implies the market expects a move of about ±$230.60 (50.7%) in Marathon Petroleum stock by expiration.

The most open interest sits at the $450.00 call (511 contracts) and the $350.00 put (532 contracts).

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

MPC options chain · September 17, 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
—	—	—	—	—	—	180.00	0.95	3.80	3.50	54.7%	1	4
6	—	63.7%	204.48	269.50	273.00	190.00	—	—	—	—	—	—
1	—	63.9%	236.30	265.00	269.00	195.00	1.75	4.50	5.20	53.2%	—	1
6	—	62.1%	187.49	251.50	255.50	210.00	—	—	—	—	—	—
4	1	60.9%	251.50	242.70	246.40	220.00	3.50	6.30	7.21	51.3%	—	1
6	1	59.9%	247.50	234.00	237.50	230.00	4.50	7.20	10.00	50.8%	1	10
1	1	59.1%	163.50	225.50	229.00	240.00	—	—	—	—	—	—
3	1	58.6%	195.80	217.00	221.00	250.00	—	—	—	—	—	—
1	1	57.8%	209.90	209.00	212.30	260.00	—	—	—	—	—	—
40	1	57.5%	202.06	201.00	204.70	270.00	—	—	—	—	—	—
44	1	56.5%	207.15	193.00	196.30	280.00	11.10	14.30	20.30	50.3%	—	10
3	2	56.3%	194.41	185.50	189.00	290.00	12.50	16.40	23.43	50.0%	1	3
48	2	56.0%	132.50	178.00	182.00	300.00	14.90	18.50	19.00	49.5%	2	16
3	1	55.0%	116.55	163.50	167.30	320.00	19.80	23.30	20.90	48.7%	3	338
0	1	54.5%	93.73	156.50	160.20	330.00	—	—	—	—	—	—
12	10	54.3%	159.13	150.00	153.70	340.00	25.50	29.00	26.10	48.0%	24	25
6	6	54.0%	132.00	143.50	147.40	350.00	29.00	32.00	30.50	47.5%	2	532
29	28	53.6%	145.40	137.50	140.70	360.00	33.10	35.50	33.20	47.3%	1	55
4	2	53.3%	112.45	126.00	129.00	380.00	40.50	43.00	40.19	46.8%	1	236
3	1	53.3%	110.50	120.50	124.00	390.00	44.40	47.00	56.28	46.5%	16	16
7	2	53.2%	101.80	115.00	119.00	400.00	48.50	51.50	70.30	46.4%	1	1
2	1	52.9%	68.50	110.00	113.50	410.00	53.40	56.00	58.75	46.2%	1	14
22	5	52.8%	114.55	105.10	108.50	420.00	58.10	61.00	73.50	46.1%	3	17
9	5	52.7%	108.00	100.40	103.80	430.00	63.20	66.00	78.70	46.0%	3	4
—	—	—	—	—	—	440.00	68.10	71.00	80.80	45.7%	7	9
511	1	52.5%	93.40	91.60	95.00	450.00	73.50	76.50	74.00	45.6%	22	88
MPC $455.03
20	1	52.4%	94.50	87.50	90.90	460.00	—	—	—	—	—	—
7	5	52.3%	92.99	83.50	86.90	470.00	—	—	—	—	—	—
69	11	52.2%	64.00	79.70	83.00	480.00	90.80	93.50	91.00	44.9%	5	34
29	2	52.1%	81.40	76.10	79.20	490.00	—	—	—	—	—	—
301	90	52.2%	77.21	72.70	76.00	500.00	—	—	—	—	—	—
14	1	52.0%	73.80	66.30	69.00	520.00	—	—	—	—	—	—
47	8	51.9%	67.90	60.40	63.20	540.00	—	—	—	—	—	—
9	15	51.9%	55.80	50.10	53.20	580.00	—	—	—	—	—	—
218	4	51.9%	51.30	45.70	48.60	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 September 17, 2027 expiration, the MPC put/call ratio based on open interest is 0.95 (1,414 puts vs 1,485 calls), and 0.45 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 September 17, 2027 is about 52.4%, 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.