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Traders are looking for a rebound Marathon Oil.
optionMONSTER's Heat Seeker monitoring system detected heavy buying in the April 19 calls, with more than 11,000 trading for $0.91 to $1.04 today. Volume was more than 46 times open interest at the strike, which indicates that new money was put to work.
Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction.(See our Coaching section)
MRO is down 3.38 percent to $15.99 in morning trading and has fallen 16 percent in the last month. The oil and natural-gas producer's next quarterly results are estimated for Feb. 3.
Overall option volume is already triple its full-session average in MRO. Overall calls outnumbered puts by a bullish 6-to-1 ratio, according to the Heat Seeker.
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Marathon Oil Corporation
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CODE : MRO |
ISIN : US5658491064 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Marathon Oil is a oil exploration company based in United states of america. Marathon Oil is listed in United States of America. Its market capitalisation is US$ 23.6 billions as of today (€ 22.2 billions). Its stock quote reached its lowest recent point on August 13, 1982 at US$ 0.70, and its highest recent level on April 23, 2024 at US$ 27.82. Marathon Oil has 849 755 866 shares outstanding. |