Puts Purchased on Marriott International

Shares of Marriott International MAR are lower on the session by 0.29%, currently trading at $36.53. The stock has been moving largely lower over the past five months, though it is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $36.00 put traded 4,200 times on open interest of 85 contracts. Overall put volume is now running at 2.78x the daily average with 94% of all puts traded being purchases on the offer. Marriott International, Inc. is a global operator and franchisor of hotels and related lodging facilities. The company develops, operates, and franchises hotels and corporate housing properties under separate brand names, and it develops, operates, and market timeshares, fractional ownerships, and residential properties under four separate brand names.