Marathon Oil (MRO) ralied well over 10% on Friday the 17th of April whereas the price of crude oil continued its collapse. We have good reason to believe the bottom is in here for MRO as all the bad news seems to be priced in. The play here was to sell puts aggressively as implied volatility (even in further out expiration cycles) spiked above 100%. Volume both from insiders and the institutions has spiked also over the past few weeks. Long MRO.