MPLX260116C00047000 Option on MPLX LP

MPLX Stock  USD 54.85  0.52  0.96%   
MPLX260116C00047000 is a PUT option contract on MPLX LP's common stock with a strick price of 47.0 expiring on 2026-01-16. The contract was not traded in recent days and, as of today, has 46 days remaining before the expiration. The option is currently trading at a bid price of $6.3, and an ask price of $7.8. The implied volatility as of the 1st of December is 46.0.
A put option written on MPLX LP becomes more valuable as the price of MPLX LP drops. Conversely, MPLX LP's put option loses its value as MPLX Stock rises.

Rule 16 of 2026-01-16 Option Contract

The options market is anticipating that MPLX LP will have an average daily up or down price movement of about 0.0226% per day over the life of the option. With MPLX LP trading at USD 54.85, that is roughly USD 0.0124. If you think that the market is fully understating MPLX LP's daily price movement you should consider buying MPLX LP options at that current volatility level of 0.36%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Call Option on MPLX LP

An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their MPLX LP positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on MPLX Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Call Contract NameMPLX260116C00047000
Expires On2026-01-16
Days Before Expriration46
Delta0.853246
Vega0.044107
Gamma0.032133
Theoretical Value7.05
Open Interest88
Strike Price47.0
Last Traded At8.0
Current Price Spread6.3 | 7.8
Rule 16 Daily Up or DownUSD 0.0124

MPLX short PUT Option Greeks

MPLX LP's Option Greeks for the contract ending on 2026-01-16 at a strike price of 47.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to MPLX LP's option greeks, its implied volatility helps estimate the risk of MPLX LP stock implied by the prices of the options on MPLX LP's stock.
Delta0.853246
Gamma0.032133
Theta-0.012754
Vega0.044107
Rho0.030465

MPLX long PUT Option Payoff at expiration

Put options written on MPLX LP grant holders of the option the right to sell a specified amount of MPLX LP at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of MPLX Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on MPLX LP is like buying insurance aginst MPLX LP's downside shift.
   Profit   
       MPLX LP Price At Expiration  

MPLX short PUT Option Payoff at expiration

By selling MPLX LP's put option, the investors signal their bearish sentiment. A short position in a put option written on MPLX LP will generally make money when the underlying price is above the strike price. Therefore MPLX LP's put payoff at expiration depends on where the MPLX Stock price is relative to the put option strike price. The breakeven price of 54.05 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to MPLX LP's price. Finally, at the strike price of 47.0, the payoff chart is constant and positive.
   Profit   
       MPLX LP Price At Expiration  
View All MPLX LP Options

MPLX LP Available Call Options

MPLX LP's option chain is a display of a range of information that helps investors for ways to trade options on MPLX. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for MPLX. It also shows strike prices and maturity days for a MPLX LP against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
Call
MPLX260116C00080000080.00.0 - 0.750.75Out
Call
MPLX260116C000750001075.00.0 - 0.750.75Out
Call
MPLX260116C0007000011770.00.0 - 0.750.05Out
Call
MPLX260116C00065000583265.00.0 - 0.20.05Out
Call
MPLX260116C0006000096460.00.0 - 0.150.08Out
Call
MPLX260116C00055000559055.00.65 - 0.850.85Out
Call
MPLX260116C00050000164950.03.6 - 4.84.41In
Call
MPLX260116C000470008847.06.3 - 7.88.0In
Call
MPLX260116C0004500030345.08.2 - 9.78.97In
Call
MPLX260116C00042000442.010.0 - 14.09.1In
Call
MPLX260116C000400006140.012.4 - 16.213.58In
Call
MPLX260116C00035000435.016.9 - 21.018.15In
Call
MPLX260116C000300001230.022.2 - 25.922.1In
Call
MPLX260116C00020000120.032.1 - 35.933.45In
Call
MPLX260116C000180001318.034.4 - 37.935.4In

MPLX LP Corporate Directors

Pamela BeallExecutive VP of Corporate Planning and Strategy of MPLX GP LLC and Director of MPLX GP LLCProfile
Frank SempleIndependent Director of MPLX GP LLCProfile
Dan SandmanIndependent Director of MPLX GP LLCProfile
Michael BeattyIndependent Director of MPLX GP LLCProfile

Additional Tools for MPLX Stock Analysis

When running MPLX LP's price analysis, check to measure MPLX LP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MPLX LP is operating at the current time. Most of MPLX LP's value examination focuses on studying past and present price action to predict the probability of MPLX LP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MPLX LP's price. Additionally, you may evaluate how the addition of MPLX LP to your portfolios can decrease your overall portfolio volatility.