Constellation Brands, Inc.
Short
Updated

STZ Constellation Brands Options Ahead Of Earnings

140
Looking at the STZ Constellation Brands options chain ahead of earnings , I would buy the $220 strike price Puts with
2023-4-21 expiration date for about
$3.65 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.

Looking forward to read your opinion about it.

Trade closed: target reached
STZ reached $217.18 after earnings. Haven`t monitored the options, but most likely profitable at that point.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.