Best Options Strategy for MUSA
Looking for the best options strategy for Murphy USA Inc. (MUSA)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live MUSA option chain right now, and a simple map from your view on MUSA to the strategy that fits it. Model any of them in the calculator before you trade.
About MUSA
Murphy USA Inc. (MUSA) is a major company in Specialty Retail. Options traders on MUSA tend to watch , since these can drive large moves in the share price.
Today's top-scoring strategy for MUSA
Our engine ranks defined-risk strategies on the live MUSA chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | CALL | $95 | $6.83 |
| Sell | 2× | CALL | $100 | $3.82 |
| Buy | 1× | CALL | $105 | $1.87 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $125 | −$105 | −$103 | −$99 | −$94 | −$89 |
| $120 | −$102 | −$96 | −$88 | −$82 | −$77 |
| $115 | −$88 | −$77 | −$69 | −$64 | −$61 |
| $110 | −$50 | −$42 | −$40 | −$41 | −$43 |
| $105 | $10 | −$1 | −$11 | −$20 | −$28 |
| $100 | $42 | $18 | $0 | −$13 | −$23 |
| $95 | $3 | −$7 | −$16 | −$25 | −$32 |
| $90 | −$64 | −$55 | −$52 | −$51 | −$52 |
| $85 | −$98 | −$91 | −$84 | −$78 | −$75 |
| $80 | −$105 | −$103 | −$100 | −$96 | −$92 |
| $75 | −$106 | −$106 | −$105 | −$104 | −$101 |
Illustrative example at MUSA's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.
Implied volatility
MUSA typically trades with moderate implied volatility, broadly in line with other large-cap stocks. Implied volatility drives option prices, so it is worth checking the live chain before you trade.
MUSA insider trading activity (SEC Form 4)
Open-market insider transactions at MUSA over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| Landen Diane N | Sell | 3,000 | $1.6M | 2026-06-05 |
| Keyes James W | Sell | 2,339 | $1.2M | 2026-06-01 |
| Bacon Renee M | Sell | 1,050 | $556K | 2026-05-27 |
| Emery Keith A. | Sell | 517 | $297K | 2026-05-15 |
| Woodward Scott G. | Sell | 158 | $95K | 2026-05-05 |
| MURPHY ROBERT MADISON | Sell | 15,500 | $9.3M | 2026-05-04 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
Earnings & IV crush
MUSA's next earnings report is due around November 4, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Dividend and assignment risk
MUSA pays a dividend of about 0.5% a year, so short or covered calls on it carry early-assignment risk around each ex-dividend date — in-the-money calls are most exposed just before the stock goes ex-dividend.
Key figures
- Market cap
- $9.4B
- Beta (vs market)
- 0.25
- 52-week range
- $349.83–$636.05
- Short interest
- 4.0% of float · 2.5 days to cover
How to choose an options strategy for MUSA
Start with your outlook on MUSA, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while MUSA stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open MUSA in the free calculator →
Frequently asked questions
What is the best options strategy for MUSA?
It depends on your outlook. Bullish traders often use a long call or bull call spread on MUSA; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are MUSA options liquid enough to trade?
Murphy USA Inc. (MUSA) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade MUSA options?
Buying a single MUSA call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade MUSA or any security. Do your own research.
What does Murphy USA Inc. do?
Murphy USA Inc. (MUSA) operates in the Specialty Retail industry. The "About Murphy USA Inc." section above gives a fuller picture of what the company does and how it earns money.
Does Murphy USA Inc. pay a dividend?
Yes — Murphy USA Inc. currently pays a dividend yielding about 0.5%. If you hold the shares (for example to write a covered call), the ex-dividend date can trigger early assignment, so check it beforehand.
When does Murphy USA Inc. next report earnings?
Murphy USA Inc.'s next earnings are expected around November 4, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Tickers related to MUSA
Comparing MUSA with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 200 Peach Street, El Dorado, AR, 71730-5836, United States
- Industry
- Specialty Retail
- Employees
- 5,900
- CEO
- Ms. Malynda K. West CPA
- Phone
- 870 875 7600
- Website
- www.murphyusa.com
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