Constellation Brands Unusual Options Activity For October 12

A whale with a lot of money to spend has taken a noticeably bearish stance on Constellation Brands.

Looking at options history for Constellation Brands STZ we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $784,960 and 4, calls, for a total amount of $292,960.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $235.0 for Constellation Brands over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Constellation Brands options trades today is 290.0 with a total volume of 1,904.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Constellation Brands's big money trades within a strike price range of $195.0 to $235.0 over the last 30 days.

Constellation Brands Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
STZ PUT TRADE BULLISH 11/17/23 $235.00 $522.0K 373 775
STZ CALL TRADE BULLISH 04/19/24 $235.00 $155.2K 2 117
STZ PUT SWEEP BULLISH 01/19/24 $235.00 $77.2K 235 78
STZ CALL SWEEP BEARISH 01/19/24 $235.00 $69.6K 376 70
STZ PUT SWEEP BEARISH 01/19/24 $220.00 $65.0K 848 142

Where Is Constellation Brands Standing Right Now?

  • With a volume of 1,242,161, the price of STZ is down -4.22% at $228.91.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 84 days.

What The Experts Say On Constellation Brands:

  • JP Morgan has decided to maintain their Overweight rating on Constellation Brands, which currently sits at a price target of $309.
  • Goldman Sachs has decided to maintain their Buy rating on Constellation Brands, which currently sits at a price target of $305.
  • Truist Securities downgraded its action to Hold with a price target of $260
  • Goldman Sachs has decided to maintain their Buy rating on Constellation Brands, which currently sits at a price target of $305.
  • Wedbush downgraded its action to Outperform with a price target of $300

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Constellation Brands, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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