Whales with a lot of money to spend have taken a noticeably bullish stance on Marriott Intl.
Looking at options history for Marriott Intl MAR we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $187,550 and 7, calls, for a total amount of $315,450.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $155.0 to $280.0 for Marriott Intl during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Marriott Intl's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Marriott Intl's significant trades, within a strike price range of $155.0 to $280.0, over the past month.
Marriott Intl 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MAR | CALL | TRADE | BEARISH | 01/17/25 | $30.2 | $29.4 | $29.6 | $250.00 | $59.2K | 459 | 20 |
| MAR | PUT | SWEEP | BULLISH | 01/17/25 | $17.2 | $16.9 | $17.0 | $250.00 | $57.8K | 469 | 0 |
| MAR | CALL | TRADE | BULLISH | 06/20/25 | $113.6 | $110.1 | $112.2 | $155.00 | $56.1K | 5 | 5 |
| MAR | PUT | TRADE | NEUTRAL | 01/17/25 | $16.9 | $16.7 | $16.8 | $250.00 | $53.7K | 469 | 103 |
| MAR | CALL | TRADE | BEARISH | 01/17/25 | $18.4 | $17.5 | $17.6 | $280.00 | $52.8K | 146 | 34 |
About Marriott Intl
Marriott operates 1.6 million rooms across roughly 30 brands. At the end of 2023, luxury represented roughly 10% of total rooms, premium 42%, select service was 46%, midscale 1%, and other 1%. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represented 97% of total rooms as of Dec. 31, 2023. North America makes up 63% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.
After a thorough review of the options trading surrounding Marriott Intl, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Marriott Intl
- With a volume of 787,780, the price of MAR is up 0.01% at $254.37.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 20 days.
Expert Opinions on Marriott Intl
3 market experts have recently issued ratings for this stock, with a consensus target price of $264.3333333333333.
- Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Marriott Intl, targeting a price of $280.
- Reflecting concerns, an analyst from Mizuho lowers its rating to Neutral with a new price target of $263.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Marriott Intl, targeting a price of $250.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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