Notable profits for the buyer who lifted the $1.70 offer for 1,105 Constellation Brands (STZ) 4/4 weekly 182.5 puts yesterday at 13:45ET when underlying shares were trading at $185.24. Shares closed at $182.73, and the puts at $2.62 for a mark-to-market profit of 54%, or $101K, on the $188K outlay.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STZ:
- Tariffs could be negative for Ball and Crown Holdings, says Citi
- Buy Rating for Constellation Brands Amid Market Challenges and Strategic Adjustments
- Constellation Brands price target lowered to $203 from $205 at Barclays
- Constellation Brands Stock (STZ) Stands Out as Value Play Despite Macro Headwinds
- Carvana, Rivian, Stellantis, Southwest, Constellation: Trending by Analysts
