Monday, September 14, 2009

STZ Front Month Calls Active

Constellation Brands (STZ) produces and imports alcoholic beverage including wine, beer and liquor. The September $15 calls have been active this morning (volume over 1,900 versus open interest of 197). With 5 days to expiration, the stock trades just above the strike at $15.10 on below average volume. The call option trades looked to be going at the ask early on, and later at the bid of 30 cents. The have been zero put transactions.

Trading History:
September 14th: bought STZ for $15.10.
September 17th: sold STZ for $15.62 (+$0.52, +3.4%)

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