Q2 STOCKS TO BUY

Marriott Put Volume Jumps After Hack

MAR stock is reeling after the hotel chain said a Starwood database was breached

Nov 30, 2018 at 10:29 AM
facebook X logo linkedin


The shares of hotel chain Marriott International Inc (NASDAQ:MAR) are 6.4% lower to trade at $113.99, after the company warned that the personal data -- including possible payment information and passport details -- of about 500 million guests was exposed. Hackers apparently began tapping the Starwood guest database in 2014, though the breach wasn't discovered until after an internal security alert on Sept. 8. The New York Attorney General's office is investigating, as the company was apparently obligated to report the breach to the office immediately.

Prior to today, MAR stock had been in a channel of lower highs and lows since peaking at $149.21 in late January. The security touched an annual low of $106.96 in late October, but upward momentum stalled in the $125 area on more than one occasion.

Analyst downgrades could be a possibility, though Marriott hasn't yet given estimates as to the possible financial impact of the data breach. Even before today's turn lower, eight of 17 analysts maintained "buy" or better opinions, with not a "sell" to be found.

Meanwhile, several recent option buyers are likely cheering. On the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day put/call volume ratio of 1.25 is in the 73rd percentile of its annual range. That indicates that buyers have picked up MAR puts over calls at a faster-than-usual clip in the past two weeks.

Within the first hour of trading, MAR has already seen nearly 7,276 puts cross the tape -- 13 times the average intraday pace. It looks like traders are expecting more downside for the shares today, with possible buy-to-open activity detected at the weekly 11/30 114- and 115-strike puts, which expire today.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter