Marathon Petroleum MPC Stock & Option Trade Ideas

Based on the technical data for MPC, here is the analysis:

MACD (Moving Average Convergence Divergence):

• The MACD line has been consistently below the Signal line, indicating a bearish trend.
• The MACD line has shown a downward trend, further supporting the bearish sentiment.

Bollinger Bands:

• The price has consistently stayed below the Middle Band, reflecting a bearish trend.
• The Upper Band is trending downwards, suggesting a continuation of the bearish trend.

RSI (Relative Strength Index):

• The RSI has been below 50, indicating a bearish momentum.
• Although the RSI has fluctuated, it has not crossed above 50 to signal a trend reversal.

Volume:

• There have been fluctuations in volume, but no significant pattern to determine a clear directional bias.

Based on the analysis, the overall sentiment for MPC is bearish.

Potential Stock Trade:

• Short selling MPC shares to profit from the expected downward movement.
• Setting a stop-loss to manage risk in case of unexpected price increases.

Potential Option Trade:

• Buying put options on MPC to benefit from the anticipated bearish trend.
• Selecting an expiration date that aligns with the expected timeframe of the downward movement.
• Considering the current volatility and pricing of options to optimize the trade.