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: Jun 16, 2028
Days to expiration: 614
Share price: $455.03
Put/call ratio (OI): 0.52
Put/call ratio (volume): 0.56
ATM implied volatility: 46.4%
Expected move: ±$273.54
Open interest (C / P): 2.14K / 1.12K

MPC options summary

The MPC options chain for the June 16, 2028 expiration lists 47 call and 24 put contracts, with 614 days until expiration. Open interest stands at 2,144 calls and 1,120 puts, a put/call ratio of 0.52, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $460.00 strike is 46.4%, which implies the market expects a move of about ±$273.54 (60.1%) in Marathon Petroleum stock by expiration.

The most open interest sits at the $370.00 call (358 contracts) and the $370.00 put (301 contracts).

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

MPC options chain · June 16, 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
3	2	62.8%	242.70	323.50	328.00	135.00	0.60	2.50	2.10	52.9%	50	279
18	12	63.5%	255.75	319.50	324.00	140.00	0.95	3.90	2.39	51.1%	6	34
0	1	—	211.75	0.00	0.00	145.00	—	—	—	—	—	—
0	1	—	158.50	0.00	0.00	150.00	—	—	—	—	—	—
0	1	—	156.97	0.00	0.00	155.00	—	—	—	—	—	—
41	—	—	164.50	238.00	242.00	160.00	2.05	5.00	5.20	53.0%	1	1
0	—	—	147.50	0.00	0.00	165.00	2.50	5.40	5.52	52.5%	—	1
3	1	—	157.00	230.00	233.50	170.00	—	—	—	—	—	—
—	—	—	—	—	—	175.00	3.30	6.20	7.58	51.5%	1	12
0	—	—	199.50	0.00	0.00	180.00	—	—	—	—	—	—
0	—	—	189.20	0.00	0.00	185.00	—	—	—	—	—	—
160	1	59.2%	226.00	277.00	280.60	190.00	—	—	—	—	—	—
0	—	—	176.49	0.00	0.00	195.00	5.80	8.20	6.96	49.7%	1	2
200	1	59.0%	247.77	269.00	272.90	200.00	6.10	8.90	10.26	49.5%	10	40
0	—	—	166.40	0.00	0.00	210.00	7.20	11.00	11.80	49.9%	7	8
2	—	—	119.05	191.00	195.00	220.00	—	—	—	—	—	—
4	2	57.3%	210.00	245.50	249.50	230.00	10.00	13.20	12.70	47.6%	1	3
0	1	—	107.00	0.00	0.00	240.00	—	—	—	—	—	—
6	1	56.7%	195.30	231.00	235.00	250.00	13.60	17.50	19.49	47.3%	1	1
7	1	56.2%	136.47	223.50	228.00	260.00	15.80	19.10	26.10	46.4%	2	86
1	1	55.6%	229.72	216.50	220.50	270.00	0.00	0.00	29.00	6.3%	1	0
0	—	—	126.50	0.00	0.00	280.00	0.00	0.00	32.37	6.3%	—	0
251	1	55.0%	157.09	203.00	207.50	290.00	—	—	—	—	—	—
62	1	54.7%	152.00	197.00	200.50	300.00	25.70	30.00	33.04	45.4%	1	29
42	1	—	80.00	110.00	114.00	310.00	—	—	—	—	—	—
97	40	54.2%	137.00	184.50	188.50	320.00	—	—	—	—	—	—
5	2	53.9%	158.48	178.50	182.50	330.00	—	—	—	—	—	—
67	1	53.5%	124.00	172.50	176.50	340.00	—	—	—	—	—	—
30	2	53.4%	134.66	167.00	171.00	350.00	—	—	—	—	—	—
31	4	53.3%	176.60	161.50	166.00	360.00	—	—	—	—	—	—
358	1	53.0%	168.75	156.50	160.00	370.00	50.50	55.00	50.70	43.5%	4	301
35	45	52.7%	113.50	151.00	155.00	380.00	—	—	—	—	—	—
3	1	52.5%	102.00	146.00	150.00	390.00	59.50	63.50	59.20	42.9%	3	1
14	5	52.5%	132.25	141.50	145.50	400.00	—	—	—	—	—	—
35	9	52.3%	128.00	136.50	140.90	410.00	69.00	73.00	86.00	42.5%	1	2
86	2	52.1%	85.60	132.00	136.50	420.00	74.00	77.50	98.50	42.0%	—	1
3	—	51.8%	119.07	127.50	131.50	430.00	79.00	83.00	105.00	42.0%	1	5
1	—	51.7%	69.70	123.50	127.00	440.00	84.50	88.00	86.20	41.7%	10	2
9	1	51.6%	130.40	119.50	122.90	450.00	90.20	93.50	116.40	41.5%	—	1
MPC $455.03
13	4	51.5%	125.31	115.50	119.00	460.00	95.80	99.00	123.50	41.2%	—	9
59	5	51.4%	120.80	111.50	115.50	470.00	—	—	—	—	—	—
11	5	51.4%	98.50	108.00	112.00	480.00	—	—	—	—	—	—
—	—	—	—	—	—	500.00	119.50	122.50	145.50	40.3%	—	2
300	—	50.8%	74.00	94.00	98.00	520.00	132.00	135.50	152.00	40.0%	—	300
52	2	50.8%	49.00	91.00	94.90	530.00	—	—	—	—	—	—
5	2	50.7%	96.00	88.00	92.00	540.00	—	—	—	—	—	—
50	—	50.4%	57.00	82.00	86.00	560.00	—	—	—	—	—	—
50	—	50.3%	61.50	77.00	80.50	580.00	—	—	—	—	—	—
30	21	50.3%	79.50	72.00	76.00	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 June 16, 2028 expiration, the MPC put/call ratio based on open interest is 0.52 (1,120 puts vs 2,144 calls), and 0.56 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 June 16, 2028 is about 46.4%, 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.