$MPC Breakout Opportunity Long

Marathon Petroleum CorporationNYSE

Description

⋅ Jun 29, 2019 2:32 AM

MPC is bucking the oil-down trend and has broken out above prior resistance (cyan line). Now, MPC may run up into earnings on 7/25 to about 60. A standard vertical call spread is a great way to play that chance without taking much risk at all.