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MAR Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 70/100
Marriott International Inc (Consumer Cyclical) · $356.60 ·
Analysis generated Aug 21, 2026 ·
Data as of market close Aug 21
Quick Take
MAR is trading at $356.60 with RSI at 45 (neutral territory). Options IV is at 22% — 68% 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)
45
IV Today
22.0%
IV vs 30d Avg
-68%
MACD
bullish
ADX
15
MFI
51
The Setup
MAR Covered Call
LONG STOCK
100 shares @ $356.6
SHORT CALL
$385 Oct '26 · $5.92/sh
Net Cost
$35,068
Max Profit
+$3,432
Break-even
$350.68
Projected P&L at Target
+$3,432
(9.8%)
P&L at Expiry
P&L Scenarios
What happens at different MAR prices by expiry:
| MAR Price | Today | Sep 8 | Sep 27 | Oct 16 (exp) |
|---|---|---|---|---|
| $285 (-20%) | -$6,543 | -$6,540 | -$6,540 | -$6,540 |
| $303 (-15%) | -$4,774 | -$4,760 | -$4,757 | -$4,757 |
| $321 (-10%) | -$3,048 | -$2,997 | -$2,975 | -$2,974 |
| $339 (-5%) | -$1,427 | -$1,300 | -$1,208 | -$1,191 |
| $349 (-2%) | -$541 | -$356 | -$181 | -$121 |
| $357 (0%) ← now | +$0 | +$226 | +$468 | +$592 |
| $364 (+2%) | +$497 | +$760 | +$1,070 | +$1,305 |
| $374 (+5%) | +$1,151 | +$1,457 | +$1,851 | +$2,375 |
| $385 (+8%) ← target | +$1,685 | +$2,011 | +$2,445 | +$3,432 |
| $392 (+10%) | +$1,988 | +$2,315 | +$2,745 | +$3,432 |
| $410 (+15%) | +$2,536 | +$2,825 | +$3,164 | +$3,432 |
| $428 (+20%) | +$2,857 | +$3,083 | +$3,303 | +$3,432 |
Why This Strategy, Why Now
- RSI at 45
- IV -68% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 15 — 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.