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

After hours: 456.00 +0.19%

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 469
Share price: $455.03
Put/call ratio (OI): 1.00
Put/call ratio (volume): 0.48
ATM implied volatility: 52.0%
Expected move: ±$268.42
Open interest (C / P): 2.32K / 2.32K

MPC options summary

The MPC options chain for the January 21, 2028 expiration lists 56 call and 45 put contracts, with 469 days until expiration. Open interest stands at 2,316 calls and 2,320 puts, a put/call ratio of 1.00, which is fairly balanced between calls and puts. At-the-money implied volatility near the $460.00 strike is 52.0%, which implies the market expects a move of about ±$268.42 (59.0%) in Marathon Petroleum stock by expiration.

The most open interest sits at the $240.00 call (396 contracts) and the $350.00 put (612 contracts).

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

MPC options chain · January 21, 2028

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	57.9%	338.73	368.00	372.50	85.00	0.00	0.00	0.40	25.0%	3	0
6	—	—	79.27	86.20	89.00	90.00	0.00	0.00	1.60	25.0%	10	0
22	12	—	159.10	152.50	157.00	95.00	0.00	2.10	1.30	66.8%	1	24
19	1	—	198.04	262.00	266.50	100.00	0.00	0.00	2.50	25.0%	3	0
0	273	—	98.26	0.00	0.00	105.00	—	—	—	—	—	—
2	12	68.6%	280.50	345.00	349.50	110.00	6.10	7.00	7.70	86.2%	—	1
—	—	—	—	—	—	115.00	7.10	8.00	8.90	86.5%	—	1
1	1	65.6%	282.10	335.50	339.40	120.00	0.00	3.00	0.80	60.4%	—	2
0	1	—	237.50	0.00	0.00	125.00	0.60	3.10	1.59	60.7%	3	80
18	2	—	121.65	141.50	144.50	130.00	—	—	—	—	—	—
—	—	—	—	—	—	135.00	3.50	8.00	8.16	72.0%	3	33
2	1	66.8%	219.00	317.50	322.00	140.00	1.05	3.30	4.50	57.3%	1	3
0	1	—	115.52	0.00	0.00	145.00	0.00	0.00	12.00	25.0%	5	0
0	1	—	215.50	0.00	0.00	150.00	0.45	3.50	2.13	53.2%	1	14
0	4	—	106.33	0.00	0.00	155.00	0.00	0.00	16.00	12.5%	53	0
0	2	—	209.90	0.00	0.00	160.00	0.00	0.00	5.88	12.5%	1	0
0	3	—	193.10	0.00	0.00	165.00	8.60	11.20	10.70	70.1%	7	8
27	5	63.3%	265.90	290.50	294.50	170.00	1.50	4.20	4.10	51.0%	1	1
0	2	—	186.10	0.00	0.00	175.00	0.00	0.00	5.75	12.5%	6	0
0	1	—	127.00	0.00	0.00	180.00	13.30	15.90	14.57	72.7%	1	7
0	3	—	189.55	0.00	0.00	185.00	13.50	17.90	21.83	72.5%	2	44
0	3	—	183.20	0.00	0.00	190.00	0.00	0.00	8.40	12.5%	3	0
33	1	61.6%	213.00	269.00	273.00	195.00	—	—	—	—	—	—
67	1	60.9%	204.30	264.50	268.50	200.00	3.80	6.70	8.75	52.5%	1	103
0	48	—	168.05	0.00	0.00	210.00	13.50	16.90	22.10	63.2%	2	6
47	1	59.7%	193.79	248.00	252.00	220.00	5.90	9.30	8.55	51.6%	1	101
25	1	59.0%	254.15	240.00	243.70	230.00	7.20	10.40	8.52	50.6%	1	27
396	1	58.5%	212.36	232.00	236.00	240.00	14.70	18.00	23.50	55.6%	1	0
0	3	—	141.00	0.00	0.00	250.00	10.30	13.50	15.50	49.5%	15	74
0	2	—	92.55	0.00	0.00	260.00	11.50	15.30	18.00	49.0%	1	42
28	1	56.6%	206.45	209.00	212.50	270.00	14.10	17.30	17.90	48.5%	2	57
0	2	—	110.03	0.00	0.00	280.00	0.00	0.00	27.30	6.3%	40	0
0	3	—	113.80	0.00	0.00	290.00	18.10	22.00	30.80	47.9%	95	165
65	1	55.8%	200.00	188.00	192.00	300.00	21.10	24.50	33.78	47.4%	6	260
47	1	55.3%	161.13	181.00	185.00	310.00	23.90	27.00	24.90	46.9%	10	63
18	1	54.8%	186.00	174.50	178.00	320.00	27.30	29.80	41.06	46.5%	1	13
91	3	54.6%	125.99	168.00	172.00	330.00	29.80	33.00	34.80	46.3%	1	2
233	2	54.3%	129.62	162.00	165.70	340.00	32.50	36.00	45.00	45.8%	1	8
104	4	53.9%	167.20	156.00	159.50	350.00	37.50	40.00	37.63	45.8%	5	612
380	2	53.9%	164.40	150.50	154.00	360.00	40.10	43.50	51.00	45.4%	1	321
16	1	53.4%	110.20	144.50	148.00	370.00	44.30	46.70	56.38	44.7%	—	10
40	1	53.5%	130.37	139.50	143.00	380.00	48.40	51.50	70.49	44.9%	1	11
18	9	53.1%	145.30	134.00	137.60	390.00	53.20	56.00	72.50	44.8%	—	2
65	1	53.1%	85.15	129.00	133.00	400.00	57.80	60.50	78.00	44.6%	1	9
34	37	52.9%	83.01	124.00	128.00	410.00	61.40	65.00	61.50	44.3%	1	49
13	1	52.6%	97.50	119.50	122.80	420.00	—	—	—	—	—	—
10	1	52.6%	103.24	115.00	118.50	430.00	—	—	—	—	—	—
19	3	52.2%	87.40	110.50	113.50	440.00	—	—	—	—	—	—
77	75	52.2%	94.40	106.50	109.50	450.00	82.50	85.50	84.40	43.4%	4	138
MPC $455.03
9	9	52.0%	109.70	102.00	105.60	460.00	—	—	—	—	—	—
113	8	52.1%	61.55	98.50	102.00	470.00	—	—	—	—	—	—
17	7	51.9%	105.90	94.50	97.90	480.00	—	—	—	—	—	—
90	2	51.8%	76.90	87.50	91.00	500.00	112.00	115.50	110.90	42.7%	2	22
54	1	51.7%	87.90	84.00	87.90	510.00	—	—	—	—	—	—
1	1	51.4%	83.87	77.50	81.00	530.00	—	—	—	—	—	—
61	60	51.4%	80.59	74.60	78.30	540.00	—	—	—	—	—	—
1	—	51.4%	44.29	64.00	68.00	580.00	—	—	—	—	—	—
45	13	51.1%	66.75	59.10	62.50	600.00	181.80	185.00	209.90	40.6%	7	7

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 21, 2028 expiration, the MPC put/call ratio based on open interest is 1.00 (2,320 puts vs 2,316 calls), and 0.48 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 21, 2028 is about 52.0%, 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.