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Marathon Oil call volume above normal and directionally bullish

Bullish option flow detected in Marathon Oil with 13,136 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 53.50%. Jan-24 22 calls and Sep-23 25 calls are the most active options, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 0.42. Earnings are expected on May 3rd.

Published first on TheFly

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