$MPC | BEARISH FLOW vs MULTI-YEAR TRENDLINE & NEGATIVE GEX ⚖️📉
🏢 Company Overview: Downstream energy leader integrating refining, marketing, and midstream transport operations across North America.
🔎 Volume, Whales & GEX Setup: Price plunged from its highs to $375.00, testing multi-year rising trendline support and high-volume nodes on the 8H chart. Tradytics flags a Bearish Score (-2) with $9.7M in 7-day bear premium vs $7.8M bull and $416K in puts traded today (2.11 P/C). However, $1.6M in large call sweeps ($220C & $380C 12/26) and whales net +$2.1M (anchored on $430 strike) signal institutional accumulation on the dip.explosive mean-reversion squeeze toward $430 Max Pain! 📈🔥
🎯 Key Levels to Confirm:
• Bulls: Must hold $365–$370 & clear $380 Put Wall ➡️ Targets: $400 / $430 Max Pain! 🚀
• Bears: Need a clean breakdown under $365 trendline for downside continuation toward $350 and $330 ⚠️.
#MPC #optionsflow #hovdid #hovdid