6.65K calls and 7.94K puts traded on Nov 4, 2026, 14.59K contracts in total. Open interest was 112.77K contracts. Over the past 30 days, volume averaged 6.17K contracts per day. The MPC option volume chart shows volume by strike and expiration date.

Marathon Petroleum IV rank is 37, so its 30-day implied volatility of 57.9% is in the lower part of its one-year range. Over the past year it ranged from 27.5% on Dec 19, 2025 to 109.5% on Jul 17, 2026. See the MPC implied volatility history for a longer view.

The Marathon Petroleum put/call volume ratio was 1.19 on Nov 4, 2026, so puts outnumber calls. The put/call open interest ratio was 1.05. The MPC open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Marathon Petroleum options about one week from expiration was $431.25, 9.8% above the $392.68 close. The MPC max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 61.7%, options price a move of about ±$33.57 (±8.5%) over the next week, a range of roughly $359.11 to $426.25 from the Nov 4, 2026 close. The MPC expected move chart shows it for every expiration date.