Unusual Options Activity: Marriott (MAR)

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Unusual Options Activity: Marriott (MAR)

Hotel owner and operator Marriott (MAR) dropped nearly 5% after slightly missing on its earnings. One trader sees a rebound in the months ahead. That’s based on the June $270 calls. With 127 days until expiration, 12,244 contracts traded compared to a prior open interest of 135, for a 91-fold rise in volume on the trade. The buyer of the calls paid $30.80 to make the bullish bet. Marriott shares recently traded for about $290, meaning the $270 c…