← Best Covered Calls
/ MAR
MAR Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 70/100
Marriott International Inc (Consumer Cyclical) · $372.83 ·
Analysis generated Jul 31, 2026 ·
Data as of market close Jul 31
Quick Take
MAR is trading at $372.83 with RSI at 49 (neutral territory). Options IV is at 34% — 53% 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)
49
IV Today
34.0%
IV vs 30d Avg
-53%
MACD
bullish
ADX
13
MFI
43
The Setup
MAR Covered Call
LONG STOCK
100 shares @ $372.83
SHORT CALL
$405 Sep '26 · $7.08/sh
Net Cost
$36,575
Max Profit
+$3,925
Break-even
$365.75
Projected P&L at Target
+$3,925
(10.7%)
P&L at Expiry
P&L Scenarios
What happens at different MAR prices by expiry:
| MAR Price | Today | Aug 17 | Sep 2 | Sep 18 (exp) |
|---|---|---|---|---|
| $298 (-20%) | -$6,756 | -$6,750 | -$6,749 | -$6,749 |
| $317 (-15%) | -$4,917 | -$4,891 | -$4,884 | -$4,884 |
| $336 (-10%) | -$3,135 | -$3,058 | -$3,022 | -$3,020 |
| $354 (-5%) | -$1,470 | -$1,305 | -$1,182 | -$1,156 |
| $365 (-2%) | -$560 | -$330 | -$118 | -$38 |
| $373 (0%) ← now | -$0 | +$273 | +$555 | +$708 |
| $380 (+2%) | +$518 | +$831 | +$1,183 | +$1,454 |
| $391 (+5%) | +$1,208 | +$1,568 | +$2,010 | +$2,572 |
| $405 (+9%) ← target | +$1,903 | +$2,291 | +$2,785 | +$3,925 |
| $410 (+10%) | +$2,126 | +$2,515 | +$3,009 | +$3,925 |
| $429 (+15%) | +$2,766 | +$3,125 | +$3,542 | +$3,925 |
| $447 (+20%) | +$3,178 | +$3,470 | +$3,758 | +$3,925 |
Why This Strategy, Why Now
- RSI at 49
- IV -53% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 13 — range-bound, perfect for selling calls
- 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.