MPLX (MPLX) Options Chain

NYSE: MPLXEnergyNatural Gas DistributionUSD

56.30-1.02 (-1.78%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $56.30
Put/call ratio (OI): 0.43
Put/call ratio (volume): 4.12
ATM implied volatility: 21.0%
Expected move: ±$3.92
Open interest (C / P): 6.93K / 3.01K

MPLX options summary

The MPLX options chain for the November 20, 2026 expiration lists 7 call and 5 put contracts, with 40 days until expiration. Open interest stands at 6,932 calls and 3,013 puts, a put/call ratio of 0.43, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $55.00 strike is 21.0%, which implies the market expects a move of about ±$3.92 (7.0%) in MPLX stock by expiration.

The most open interest sits at the $60.00 call (4.00K contracts) and the $60.00 put (1.78K contracts).

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

MPLX options chain · November 20, 2026

MPLX 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
44	14	104.1%	26.44	25.40	27.60	30.00	—	—	—	—	—	—
196	3	72.3%	21.89	20.40	22.40	35.00	—	—	—	—	—	—
29	2	58.3%	17.00	15.40	17.50	40.00	0.00	0.60	0.15	67.2%	33	33
—	—	—	—	—	—	45.00	0.00	0.60	0.10	57.9%	10	37
42	9	49.1%	6.56	6.10	7.50	50.00	0.05	0.20	0.14	26.6%	3	85
180	240	18.9%	1.95	1.90	2.15	55.00	1.00	1.15	1.13	23.2%	1,120	1,077
MPLX $56.30
3,995	17	17.7%	0.15	0.10	0.25	60.00	4.00	5.10	4.51	37.1%	54	1,781
2,446	11	32.9%	0.05	0.00	0.30	65.00	—	—	—	—	—	—

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 MPLX put/call ratio?

For the November 20, 2026 expiration, the MPLX put/call ratio based on open interest is 0.43 (3,013 puts vs 6,932 calls), and 4.12 based on today's volume. A ratio above 1 means more puts than calls.

What is MPLX's implied volatility?

At-the-money implied volatility for MPLX options expiring November 20, 2026 is about 21.0%, an annualized estimate of how much the market expects MPLX stock to move.

How many MPLX option expiration dates are there?

MPLX has 7 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.