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.