Constellation Brands Put Write Faces Downgrade Headwinds
STZ trades at 140.14. Jefferies downgraded to Hold. Analysts cite weak demand from Hispanic consumers and stalled growth.
Stock dropped nearly 35% year to date. Earnings hit January 9, 22 days out.
Here is the put write: SELL -1 STZ 16 Jan 26 135.0 PUT Contract @4.11 LMT
Trade stats: Win Rate: None. Number of trades: None. IV: 42.39. Delta: -0.34. Theta: -0.16. Max Return Pct: 3.05.
Stock closes above 135 on expiration. Keep the premium.
Stock closes below 135 on expiration. Keep premium. Assigned 100 shares at 135.
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