Looking At Marriott Intl's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Marriott Intl.

Looking at options history for Marriott Intl MAR we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 41% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $358,790 and 8, calls, for a total amount of $693,210.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $190.0 for Marriott Intl over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Marriott Intl's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marriott Intl's whale trades within a strike price range from $125.0 to $190.0 in the last 30 days.

Marriott Intl Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MAR CALL TRADE BULLISH 04/21/23 $165.00 $208.8K 1.2K 326
MAR CALL TRADE BULLISH 01/17/25 $125.00 $158.7K 355 25
MAR CALL TRADE NEUTRAL 06/16/23 $180.00 $113.2K 1.5K 313
MAR PUT SWEEP BEARISH 01/19/24 $160.00 $111.5K 2.0K 324
MAR PUT SWEEP NEUTRAL 01/19/24 $160.00 $105.7K 2.0K 209

Where Is Marriott Intl Standing Right Now?

  • With a volume of 1,237,422, the price of MAR is up 2.34% at $173.72.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 14 days.

What The Experts Say On Marriott Intl:

  • TD Cowen has decided to maintain their Outperform rating on Marriott Intl, which currently sits at a price target of $172.
  • Wells Fargo has decided to maintain their Overweight rating on Marriott Intl, which currently sits at a price target of $183.
  • Morgan Stanley has decided to maintain their Overweight rating on Marriott Intl, which currently sits at a price target of $197.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Marriott Intl, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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