Puts Purchased on Marriott International (MAR)

Shares of Marriott International MAR are lower on the session by 1.58%, currently trading at $36.85. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages.

Options traders are buying puts on the name today. A short while ago the April 2011 $35.00 put was purchased 5,300 times, on the offer, on open interest of only 6,250 contracts. This signals new positioning on the name.

Overall put volume is now running at 3.26x the daily average with 88% 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.