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: Jan 15, 2027
Days to expiration: 96
Share price: $56.30
Put/call ratio (OI): 0.21
Put/call ratio (volume): 4.74
ATM implied volatility: 20.5%
Expected move: ±$5.91
Open interest (C / P): 23.30K / 4.91K

MPLX options summary

The MPLX options chain for the January 15, 2027 expiration lists 18 call and 17 put contracts, with 96 days until expiration. Open interest stands at 23,297 calls and 4,908 puts, a put/call ratio of 0.21, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $55.00 strike is 20.5%, which implies the market expects a move of about ±$5.91 (10.5%) in MPLX stock by expiration.

The most open interest sits at the $65.00 call (7.57K contracts) and the $55.00 put (1.54K contracts).

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

MPLX options chain · January 15, 2027

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
16	11	88.3%	33.93	32.40	34.50	23.00	0.00	0.00	0.30	50.0%	—	0
5	35	84.8%	33.26	30.40	32.60	25.00	0.00	0.00	0.05	25.0%	1	0
39	54	66.0%	29.90	27.40	29.40	28.00	0.00	0.25	0.10	68.6%	74	415
17	23	60.2%	28.40	25.40	27.40	30.00	0.00	2.70	0.45	105.9%	4	3
18	2	55.7%	24.21	22.40	24.50	33.00	—	—	—	—	—	—
2	10	50.2%	21.24	20.40	22.50	35.00	0.00	0.60	0.15	57.5%	20	114
61	3	70.8%	19.24	17.40	19.50	38.00	0.00	0.00	0.30	12.5%	5	0
12	4	63.9%	16.35	15.40	17.50	40.00	0.05	0.85	0.53	57.3%	5	82
0	3	—	17.17	0.00	0.00	42.00	0.00	0.60	0.05	46.0%	1	246
44	5	50.4%	12.79	10.40	12.70	45.00	0.05	0.30	0.16	31.2%	27	350
18	2	39.8%	13.30	8.50	10.40	47.00	0.10	0.60	0.27	32.2%	10	500
1,523	4	30.7%	7.65	6.10	7.40	50.00	0.35	0.55	0.50	23.4%	140	1,166
1,137	21	17.8%	2.41	2.35	2.75	55.00	1.60	2.05	1.65	23.2%	1,002	1,544
MPLX $56.30
5,910	6	17.6%	0.75	0.50	0.75	60.00	4.00	5.30	4.50	26.0%	5	306
7,573	2	20.4%	0.20	0.05	0.25	65.00	8.60	10.10	6.30	35.9%	2	37
6,675	92	23.1%	0.05	0.00	0.10	70.00	18.30	21.00	19.80	89.9%	6	87
247	1	26.0%	0.02	0.00	0.05	75.00	21.50	26.00	24.50	91.7%	30	58
0	4	12.5%	0.10	0.00	0.00	80.00	0.00	0.00	24.15	—	6	0

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 January 15, 2027 expiration, the MPLX put/call ratio based on open interest is 0.21 (4,908 puts vs 23,297 calls), and 4.74 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 January 15, 2027 is about 20.5%, 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.