GoldBands

STZ "Will" Rebound, Right?

NYSE:STZ   Constellation Brands, Inc.
I entered a 150/145 Put Credit Spread on STZ last week. Trade was sitting pretty as price shot up to 156. Then, of course, the biggest correction to STZ in 4 years.

I do like that the 200 ema and the 618 fib retracement held firmly. 9 days left to claw its way back.

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