Bearish flow noted in Constellation Brands with 4,358 puts trading, or 1.9x expected. Most active are Oct-23 255 puts and Jan-24 245 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.96, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 4th.
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