Constellation Brands put volume heavy and directionally bearish
The Fly

Constellation Brands put volume heavy and directionally bearish

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.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on STZ:

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App