Call Options on MAR on 12/4/2023

Marriott International, Inc. (MAR) operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties worldwide.

Upward Trading ChannnelThe company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St. Regis, EDITION, Bvlgari, Renaissance, Le Méridien, Marriott, Sheraton, Westin, Four Points, Delta Hotels by Marriott, Autograph Collection, Tribute Portfolio, Marriott Hotels, Marriott Executive Apartments, Marriott Vacation Club, Gaylord Hotels, Design Hotels, Courtyard, Residence Inn, Fairfield, SpringHill Suites, TownePlace Suites, Protea Hotels, Aloft Hotels, AC Hotels by Marriott, Element Hotels, and Moxy Hotels brand names.

It operates properties under 30 brand names in 138 countries and territories. Marriott International, Inc. was founded in 1927 and is headquartered in Bethesda, Maryland.

We will be trading December 22nd Call Options.

Last Trade: $209.28

Trading Range: $202.75 - $209.49

Trade

  • Buy 1 December $205.00 Call at $6.90
  • For a net debit of $6.90

Profit/Loss Analysis

  • Breakeven at $211.90
  • Maximum profit is unbounded
  • Maximum loss is ($690.00) at strike of $205.00

Closing Summary

  • Sold 1 December $205.00 Call at $15.44

Position closed on 12/14/2023 at price of $15.44 with a 123.77% gain in 10 days.

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