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Why MAR Is an Excellent Covered Call Candidate Right Now Strong · 85/100
Marriott International Inc (Consumer Cyclical) · $361.28 ·
Analysis generated Oct 7, 2026 ·
Data as of market close Oct 7
Quick Take
MAR is trading at $361.28 with RSI at 61 (neutral territory). Options IV is at 33% — 52% below its 30-day average of 68%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
61
IV Today
32.9%
IV vs 30d Avg
-52%
MACD
bullish
ADX
21
MFI
71
The Setup
MAR Covered Call
LONG STOCK
100 shares @ $361.28
SHORT CALL
$390 Dec '26 · $5.5/sh
Net Cost
$35,578
Max Profit
+$3,422
Break-even
$355.78
Projected P&L at Target
+$3,422
(9.6%)
P&L at Expiry
P&L Scenarios
What happens at different MAR prices by expiry:
| MAR Price | Today | Oct 31 | Nov 24 | Dec 18 (exp) |
|---|---|---|---|---|
| $289 (-20%) | -$6,690 | -$6,678 | -$6,676 | -$6,676 |
| $307 (-15%) | -$4,923 | -$4,882 | -$4,869 | -$4,869 |
| $325 (-10%) | -$3,228 | -$3,124 | -$3,068 | -$3,063 |
| $343 (-5%) | -$1,667 | -$1,464 | -$1,300 | -$1,256 |
| $354 (-2%) | -$824 | -$556 | -$293 | -$173 |
| $361 (0%) ← now | -$309 | +$2 | +$335 | +$550 |
| $369 (+2%) | +$165 | +$513 | +$915 | +$1,273 |
| $379 (+5%) | +$794 | +$1,184 | +$1,666 | +$2,356 |
| $390 (+8%) ← target | +$1,318 | +$1,728 | +$2,247 | +$3,422 |
| $397 (+10%) | +$1,627 | +$2,039 | +$2,557 | +$3,422 |
| $415 (+15%) | +$2,208 | +$2,590 | +$3,028 | +$3,422 |
| $434 (+20%) | +$2,586 | +$2,906 | +$3,223 | +$3,422 |
Why This Strategy, Why Now
- RSI at 61 — extended, ideal for selling calls
- IV -52% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 21 — moderate trend
- No squeeze — no imminent breakout
- MFI at 71 — money flow confirms overbought
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.