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Quantchabot has detected a promising Bear Put Spread trade opportunity for MARRIOT INTERNATIONAL CLASS A (MAR) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MAR was recently trading at $142.18 and has an implied volatility of 39.20% for this period. Based on an analysis of the options available for MAR expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $121.91-$142.20 at expiration. In this scenario, the average linear return for the trade would be 76.71%.

Big -9.79% Change: After closing the last trading session at $157.61, MARRIOT INTERNATIONAL CLASS A opened today at $146.65 and has reached a low of $140.55.

Trade approach: A movement as big as -9.79% is a significantly bearish indicator, so this trade is designed to be profitable if MAR maintains its current direction and does not revert back to pricing on the bullish side of $142.18 on 21-Jan-2022. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bearish strategy, the trade would be profitable if MARRIOT INTERNATIONAL CLASS A closes at or below $142.25 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 50.09% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.