Schaeffer's Option Blog: Implieds Spike Ahead of Marriott International's Earnings

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Tue Jul 7, 2009 3:40pm EDT 

CINCINNATI--(Business Wire)--
Implied volatility on Marriott International (NYSE: MAR) has jumped heading into
the firm's earnings report next week. The stock's Schaeffer's Volatility Index
(SVI) has risen from its June 30 reading of 52% to its current perch at 68%. For
comparison, the security's one-month historical volatility rests at 36.72%. MAR
is scheduled to release its quarterly earnings report before the market open on
July 16, with analyst looking for a profit of 22 cents per share. 

Normally, when implieds rise on an equity, it means that put options are gaining
in popularity. However, MAR has seen a drastic shift toward calls during the
past couple of sessions. Specifically, the stock's Schaeffer's put/call open
interest ratio (SOIR) has fallen from its June 30 reading of 1.57 in the 90th
percentile to today's stance at 1.45 in the 79th percentile. 

To continue reading this article, click here:
http://www.schaeffersresearch.com/marketcenters/optionscenter/default1.aspx?id=93940&source=businesswire



Schaeffer's Investment Research
Joseph Hargett, 513-589-3800
jhargett@sir-inc.com




Copyright Business Wire 2009
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