Is It Too Late to Buy Oil Stocks? Here's What the Options Market Says Happens Next

Impact · against what's priced in

The escalation of conflict in the Strait of Hormuz and the revocation of Iranian oil waivers create a fundamental supply shock that likely exceeds current market pricing. Independent refiners (MPC, PSX, VLO) stand to benefit most due to a rapid expansion in crack spreads, while integrated majors (XOM, CVX, SHEL) gain from the anticipated price spike signaled by options market skew.

MPC+0.90

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