STZ Constellation Brands Options Ahead of Earnings

Updated
Analyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $0.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.




Trade closed: target reached
STZ traded at $240.37 today and the Puts went up from $0.90 (when I wrote this article) to $2.60 at the close of the day, for a decent 2.88X!

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