USD 64.2548

-0.11

EUR 70.8473

-0.08

BRENT 58.87

+0.03

AI-92 42.11

0

AI-95 45.88

0

AI-98 51.85

0

Diesel 46.04

0

35

Marathon Oil Stock Is Up

The US company Marathon Oil's shares opened at $48.69 Thursday

The US company Marathon Oil's shares opened at $48.69 Thursday, hitting a low of $46.77 and a high of $48.78.

The shares of the company are now trading at $47.19, up 2.06 (4.23%).

Technical indicators for Marathon Oil are bearish and steady, while S&P gives the stock a bullish 4 Stars (out of 5) Buy rating.

For a hedged play on this stock, consider a September bull-put spread below the $40 range. MRO hasn't been below 40 at all in the past year, and could lose up to 15.5% before this trade runs into trouble.