Analyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the 270usd strike price Calls with
an expiration date of 2024-4-12,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Multiple bullish crosses on the KST indicate bullish momentum.
An ascending triangle appears to be playing out, $420.00 price target by 2025.
Inverted H&S pattern is noticeable as well.
Constellation Brands Inc. (NYSE: NYSE:STZ ) has proven its mettle in the third quarter of fiscal 2024, delivering a stellar financial performance that surpassed market expectations. With a solid net sales figure of $2.47 billion and an impressive EPS of $3.24, the company's strategic initiatives and operational efficiency have propelled it to new heights. This...
Cannabis stocks could potentially generate outsized gains for shareholders in the upcoming decade. But right now, several cannabis stocks are small- or micro-cap companies reporting massive losses. Many of these stocks are listed on the OTC markets, and remain speculative bets for long-term investors.
But as the upcoming wave of legalization may unlock multiple...
Analyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the $262.5 strike price in the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.07.
If these options prove to be profitable prior to the earnings release, I would sell at least half...
AT A GLANCE
Simplistic Analysis: reversion back to the mean.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: positive surprises for EPS & Revenues.
Surprise-confidence on a scale of 0-5: 3.5
A bump and run pattern in which price temporarily bumps way above the dominant trend line but then 'runs' back towards the trend line eventually in green.
The bars pattern was a bit wonky on this one but you get the idea.
NYSE:STZ appears to be poised for a breakout above relative highs not seen since December of last year when it was in a short period of decline within a much larger period of consolidation. The daily and 4-hr timeframes show a consistent since mid-march. Additionally, a new short-term zone of support appears to have been established by the market in the low to...
Looking at the STZ Constellation Brands options chain ahead of earnings , I would buy the $220 strike price Puts with
2023-4-21 expiration date for about
$3.65 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Constellation Brands, Inc. (STZ) is a leading producer and marketer of premium wine, beer, and spirits in the United States, Canada, Mexico, and other international markets. The company has a diversified portfolio of alcoholic beverage brands, including Corona, Modelo, Robert Mondavi, and Svedka Vodka.
From a financial perspective, STZ has a solid track record of...
The PEAD projected a Bullish outlook for $STZ after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
A quick read of analyst reports on STZ will leave one with mostly bullish soundbites such as 'recession proof', 'premium brands', 'high margins', 'strong cashflow', etc. All true! It does seem to be that even in a recession, people are not only loath to limit their drinking, but in fact, they tend to drink more! So, enter STZ with its premium brands and...
The PEAD projected a Bullish outlook for $STZ after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
Let's see what we get. I am testing LuxAlgo for trend break signals, if it works well with the strategy, I am 1 step closer to fully automating my personal screener.
Market deep red, if the whole market sells STZ should go down as well.
SRZ Iron Condor
11/18 Expiration.
$265 long call
$260 short call
<<---- $232 = share price ---->>
$200 short put
$195 long put
Risk:Reward: $445:$55, 8:1.
