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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (19026)	8/10/2023 1:48:45 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

Sold some bear calls on dip for MAR puts Too much too fast on this

To: Smiling Bob who wrote (19026)

8/10/2023 3:17:20 PM

From: Smiling Bob

Read Replies (1) | Respond to of 19256

MAR

This provides some confirmation of top

Set triggers Set alertsAdd to watch list Options chain Historical quotes & splitsIncome Estimator

Looking At Marriott Intl's Recent Unusual Options Activity
2:16 pm ET August 10, 2023 (Benzinga) Print
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 (NASDAQ:MAR) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 30% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $107,850 and 7, calls, for a total amount of $1,035,105.

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 $145.0 to $210.0 for Marriott Intl over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $145.0 to $210.0 in 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 CALL TRADE BEARISH 11/17/23 $195.00 $638.4K 496 280

MAR CALL TRADE BULLISH 09/08/23 $200.00 $123.1K 137 97

MAR CALL TRADE BULLISH 09/08/23 $200.00 $96.0K 137 257

MAR CALL TRADE BEARISH 09/08/23 $200.00 $94.4K 137 177

MAR PUT TRADE BULLISH 10/20/23 $190.00 $49.7K 1.0K 200

Where Is Marriott Intl Standing Right Now?

With a volume of 1,546,500, the price of MAR is up 1.26% at $208.72.
RSI indicators hint that the underlying stock may be overbought.
Next earnings are expected to be released in 84 days.

What The Experts Say On Marriott Intl:

Barclays has decided to maintain their Equal-Weight rating on Marriott Intl, which currently sits at a price target of $189.
Truist Securities has decided to maintain their Hold rating on Marriott Intl, which currently sits at a price target of $221.
Morgan Stanley has decided to maintain their Overweight rating on Marriott Intl, which currently sits at a price target of $225.
Wells Fargo has decided to maintain their Overweight rating on Marriott Intl, which currently sits at a price target of $222.
Argus Research has decided to maintain their Buy rating on Marriott Intl, which currently sits at a price target of $232.

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.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


Buy Sell	Price$209.33	Day's Change 3.21 (1.56%)	Bid 209.28Ask 209.39B/A Size300x200	Day's High210.98Day's Low208.33	Volume (Above Average) 2,466,505August 10, 2023 3:14pm ET