Marriott International's Surprising Options Gamble

Market Whales and Their Recent Bets on MAR Options

In the world of options trading, market whales are highly sophisticated traders who have the ability to move markets with their large-scale trades. These whales are known for their ability to sniff out undervalued or overvalued options and make massive bets on their favorite stocks.

Recently, market whales have been placing large bets on options for Marriott International (MAR), a global hospitality company. According to data from Benzinga Pro, the whales have been buying up call options and selling put options, signaling a strong bullish sentiment towards the company.

One of the most notable trades was made by a whale who purchased 10,000 call options with a strike price of $150 and an expiration date of March 18. This trade is valued at approximately $1.5 million and suggests that the whale is confident that MAR's stock will rise above $150 in the coming weeks.

Another whale made a similar trade, buying 5,000 call options with a strike price of $155 and an expiration date of March 25. This trade is valued at approximately $775,000 and also indicates a strong bullish sentiment towards MAR.

It's worth noting that these trades are not the only ones made by market whales on MAR options. In fact, data from Benzinga Pro shows that there have been numerous large-scale trades made on MAR options in recent weeks, with many of them involving call options and bullish bets.

Overall, the recent trades made by market whales on MAR options suggest a strong bullish sentiment towards the company and its stock. While it's impossible to know for certain what the future holds, these trades could potentially be a sign that MAR is poised for a significant price increase in the coming weeks.

Disclosure: The author has no position in MAR or any other stock mentioned in this article.