This Is What Whales Are Betting On Constellation Brands

Whales with a lot of money to spend have taken a noticeably bullish stance on Constellation Brands.

Looking at options history for Constellation Brands STZ we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $289,465 and 4, calls, for a total amount of $208,700.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $190.0 for Constellation Brands, spanning the last three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Constellation Brands's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Constellation Brands's significant trades, within a strike price range of $145.0 to $190.0, over the past month.

Constellation Brands Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Constellation Brands

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the us, generating 82% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the us, the firm has little revenue exposure to international markets. Constellation owns a 26% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Following our analysis of the options activities associated with Constellation Brands, we pivot to a closer look at the company's own performance.

Constellation Brands's Current Market Status

• With a trading volume of 1,213,032, the price of STZ is down by -2.12%, reaching $180.41.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 69 days from now.

Professional Analyst Ratings for Constellation Brands

In the last month, 5 experts released ratings on this stock with an average target price of $251.4.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $240. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Constellation Brands, which currently sits at a price target of $275. * An analyst from Barclays persists with their Overweight rating on Constellation Brands, maintaining a target price of $214. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $308. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Constellation Brands, which currently sits at a price target of $220.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Constellation Brands options trades with real-time alerts from Benzinga Pro.