Deep-pocketed investors have adopted a bearish approach towards Marriott Intl MAR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MAR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Marriott Intl. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 23% leaning bullish and 76% bearish. Among these notable options, 3 are puts, totaling $713,210, and 10 are calls, amounting to $492,837.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $195.0 to $230.0 for Marriott Intl during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Marriott Intl options trades today is 475.71 with a total volume of 6,471.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marriott Intl's big money trades within a strike price range of $195.0 to $230.0 over the last 30 days.
Marriott Intl Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MAR | PUT | TRADE | BEARISH | 12/15/23 | $215.00 | $570.5K | 1 | 4.0K |
| MAR | CALL | SWEEP | BULLISH | 07/19/24 | $230.00 | $96.6K | 97 | 0 |
| MAR | PUT | SWEEP | BEARISH | 12/15/23 | $215.00 | $89.6K | 1 | 902 |
| MAR | CALL | SWEEP | BEARISH | 06/21/24 | $230.00 | $76.1K | 742 | 276 |
| MAR | CALL | SWEEP | BEARISH | 06/21/24 | $230.00 | $72.5K | 742 | 48 |
About Marriott Intl
Marriott operates 1.6 million rooms across roughly 30 brands. At the end of 2022, luxury represented roughly 10% of total rooms, while full service and limited service were about 40% and 50%, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 99% of total rooms as of Sept. 30, 2023. North America makes up two thirds of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.
Having examined the options trading patterns of Marriott Intl, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Marriott Intl's Current Market Status
- With a volume of 780,798, the price of MAR is up 1.38% at $212.29.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 64 days.
Professional Analyst Ratings for Marriott Intl
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $220.0.
- An analyst from Wells Fargo has revised its rating downward to Equal-Weight, adjusting the price target to $220.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Marriott Intl with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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