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Why MAR Is an Excellent Covered Call Candidate Right Now Strong · 80/100
Marriott International Inc (Consumer Cyclical) · $354.10 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
MAR is trading at $354.10 with RSI at 60 (neutral territory). Options IV is at 32% — 54% below its 30-day average of 69%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
60
IV Today
31.5%
IV vs 30d Avg
-54%
MACD
bullish
ADX
20
MFI
59
The Setup
MAR Covered Call
LONG STOCK
100 shares @ $354.1
SHORT CALL
$380 Jun '26 · $8.5/sh
Net Cost
$34,560
Max Profit
+$3,440
Break-even
$345.60
Projected P&L at Target
+$3,440
(10.0%)
P&L at Expiry
P&L Scenarios
What happens at different MAR prices by expiry:
| MAR Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $283 (-20%) | -$6,264 | -$6,238 | -$6,232 | -$6,232 |
| $301 (-15%) | -$4,563 | -$4,493 | -$4,463 | -$4,461 |
| $319 (-10%) | -$2,953 | -$2,805 | -$2,707 | -$2,691 |
| $336 (-5%) | -$1,490 | -$1,241 | -$1,012 | -$921 |
| $347 (-2%) | -$705 | -$394 | -$65 | +$142 |
| $354 (0%) ← now | -$227 | +$121 | +$516 | +$850 |
| $361 (+2%) | +$213 | +$593 | +$1,046 | +$1,558 |
| $372 (+5%) | +$801 | +$1,214 | +$1,731 | +$2,621 |
| $380 (+7%) ← target | +$1,194 | +$1,620 | +$2,159 | +$3,440 |
| $390 (+10%) | +$1,587 | +$2,015 | +$2,549 | +$3,440 |
| $407 (+15%) | +$2,154 | +$2,550 | +$3,006 | +$3,440 |
| $425 (+20%) | +$2,539 | +$2,876 | +$3,217 | +$3,440 |
Why This Strategy, Why Now
- RSI at 60 — extended, ideal for selling calls
- IV -54% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 20 — moderate trend
- No squeeze — no imminent breakout
Key Risks
MAR has bullish momentum (MACD). If a positive catalyst emerges (earnings beat, product launch), the stock could gap past your strike. Consider rolling the call up if MAR approaches the strike before expiry.