Analyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the 270usd strike price Calls with
an expiration date of 2024-4-12,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Multiple bullish crosses on the KST indicate bullish momentum.
An ascending triangle appears to be playing out, $420.00 price target by 2025.
Inverted H&S pattern is noticeable as well.
Constellation Brands Inc. (NYSE: NYSE:STZ ) has proven its mettle in the third quarter of fiscal 2024, delivering a stellar financial performance that surpassed market expectations. With a solid net sales figure of $2.47 billion and an impressive EPS of $3.24, the company's strategic initiatives and operational efficiency have propelled it to new heights. This...
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Analyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the $262.5 strike price in the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.07.
If these options prove to be profitable prior to the earnings release, I would sell at least half...
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.
