← Best Covered Calls
/ MAR
MAR Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 65/100
Marriott International Inc (Consumer Cyclical) · $398.09 ·
Analysis generated Jun 18, 2026 ·
Data as of market close Jun 18
Quick Take
MAR is trading at $398.08 with RSI at 65 (neutral territory). Options IV is at 30% — 59% below its 30-day average of 72%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
65
IV Today
29.5%
IV vs 30d Avg
-59%
MACD
bullish
ADX
30
MFI
69
The Setup
MAR Covered Call
LONG STOCK
100 shares @ $398.08
SHORT CALL
$430 Aug '26 · $10.55/sh
Net Cost
$38,754
Max Profit
+$4,247
Break-even
$387.53
Projected P&L at Target
+$4,247
(11.0%)
P&L at Expiry
P&L Scenarios
What happens at different MAR prices by expiry:
| MAR Price | Today | Jul 9 | Jul 30 | Aug 21 (exp) |
|---|---|---|---|---|
| $318 (-20%) | -$6,931 | -$6,911 | -$6,907 | -$6,907 |
| $338 (-15%) | -$5,000 | -$4,940 | -$4,917 | -$4,916 |
| $358 (-10%) | -$3,157 | -$3,020 | -$2,937 | -$2,926 |
| $378 (-5%) | -$1,466 | -$1,220 | -$1,006 | -$935 |
| $390 (-2%) | -$554 | -$237 | +$84 | +$259 |
| $398 (0%) ← now | +$4 | +$365 | +$762 | +$1,055 |
| $406 (+2%) | +$520 | +$919 | +$1,386 | +$1,851 |
| $418 (+5%) | +$1,209 | +$1,651 | +$2,199 | +$3,045 |
| $430 (+8%) ← target | +$1,801 | +$2,265 | +$2,851 | +$4,247 |
| $438 (+10%) | +$2,134 | +$2,601 | +$3,186 | +$4,247 |
| $458 (+15%) | +$2,799 | +$3,235 | +$3,741 | +$4,247 |
| $478 (+20%) | +$3,248 | +$3,619 | +$3,996 | +$4,247 |
Why This Strategy, Why Now
- RSI at 65 — extended, ideal for selling calls
- IV -59% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 30 — strong trend, stock may run past strike
- 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.
ADX at 30 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.