Energy · Energy
MPC Implied Volatility, IV Rank & Options Chain
Marathon Petroleum (MPC) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Marathon Petroleum (MPC).
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On this page
MPC options trade with implied volatility typically in the 22% - 50% range, averaging N/A in daily volume with very good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
MPC implied volatility
As of 2026-08-31As of 2026-08-31, MPC's 30-day implied volatility is 43.5%, placing its 1-year IV percentile at 100.0 — above 100.0% of the past year's daily IV readings, an elevated, premium-selling regime favoring credit spreads, iron condors and short strangles.
MPC live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live MPC chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
MPC options at a glance
- Daily volume
- N/A
- IV range
- 22% - 50%
- Bid-ask spread
- N/A
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- N/A
- Next earnings
- See earnings calendar
About Marathon Petroleum (MPC)
Marathon Petroleum (MPC) is a oil refining company listed on NYSE.
Company profile
- Sector
- Energy
- Industry
- Oil Refining
- Market cap
- See live data
- Exchange
- NYSE
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- See company page
- Fiscal year end
- December
Marathon Petroleum is a Oil Refining) company in the Energy sector.
MPC options market overview
MPC options provide trading opportunities for options traders.
- Average daily volume
- N/A
- Total open interest
- N/A
- Put/call ratio
- N/A
- Typical ATM spread
- N/A
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Very Good
MPC options provide trading opportunities across multiple expirations.
MPC implied volatility and IV rank
MPC implied volatility patterns reflect the oil refining sector dynamics.
Earnings impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short MPC options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
MPC IV generally trades near historical volatility, with premiums expanding around earnings.
Term structure
Typically upward sloping under normal conditions.
The smile, the term structure and the cone for MPC, on today's chain.
Open the Volatility LabMPC gamma exposure (GEX)
Gamma Exposure analysis for MPC reveals dealer hedging dynamics at key strike levels.
- Typical GEX profile. MPC tends to operate in a positive gamma environment during normal conditions.
- Key levels.
- Dealer hedging.
Where the gamma sits on MPC right now, strike by strike.
See live MPC GEXCommon MPC options strategies
These are strategies commonly used by traders on MPC options, based on typical market characteristics. This is not investment advice.
Key considerations for MPC options
- Monitor MPC earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing options positions
- MPC options liquidity varies by expiration - prefer near-term and monthly expirations
MPC key events
Earnings months. January, April, July, October
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-08-31. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about MPC options.
What is MPC's typical implied volatility?
MPC implied volatility typically ranges from 22% - 50%. IV patterns are influenced by earnings, sector events, and market conditions.
Does MPC have weekly options?
Yes, MPC offers weekly options expirations.
What is MPC's options trading profile?
MPC (Marathon Petroleum) options trade with very good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 22% - 50% range. The position sits in the Energy category for portfolio diversification and options strategy design.
How does MPC implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on MPC?
Popular strategies on MPC options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 22% - 50% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is MPC's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence MPC's intraday price action. MPC tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live MPC GEX levels and the gamma-flip point on ApexVol.
What is MPC's IV rank?
MPC's IV rank shows where MPC's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. MPC implied volatility typically ranges from 22% - 50%. Check MPC's live IV rank and percentile on ApexVol's IV analytics.
Keep reading
Where MPC
gets priced.
MPC analytics
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