Bullish Options Activity in Constellation Brands (STZ) Amid Post-Earnings Weakness -Susquehanna
Susquehanna options strategist Alison Edwards notes bullish options activity in Constellation Brands (NYSE: STZ), as an opening investor bought 25k Apr 225/240 call spreads and sold 25k Apr 205 Puts paying $0.30 to establish the collared spread. This bullish investor gets exposure to upside above $225 (2.5% higher) capped at $240. The investor also calls a floor in the stock where they would be willing to buy 2.5 mln shares at $205 (down 6.5%).