Call Spread on STZ on 4/1/2016

Constellation Brands, Inc. (STZ) is an international beverage alcohol company.

The Company's operating segments include Beer, Wine and Spirits and Corporate Operations and Other.

The Company's wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

The Company's customers include wholesale distributors, retailers, on premise locations and government alcohol beverage control agencies. In the United States, the Company operates 19 wineries using varieties of grapes grown in the Napa, Sonoma, Monterey and San Joaquin regions of California. It also operates eight wineries in Canada, four wineries in New Zealand and five wineries in Italy. The Company's Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge, Alberta.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $114.49 - $155.68

Last Trade: $151.00

Trade Buy 1 April $150.00 Call at $4.10 Sell 1 April $160.00 Call at $0.80 For a net debit of $3.30 Profit/Loss Analysis Breakeven at $153.30 Maximum profit is $670.00 at strike of $160.00 Maximum loss is ($330.00) at strike of $150.00 Closing Summary Sold 1 April $150.00 Call at $9.00 Bought 1 April $160.00 Call at $1.80

Position closed on 4/6/2016 at price of $7.20 with a 118.18% gain in 5 days.

Updates

4/6/2016 9:36:40 AM

We are taking profits on STZ call Spread.

Back to Portfolio