Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CONSTELLATION BRANDS (STZ) for the 31-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. STZ was recently trading at $213.45 and has an implied volatility of 26.09% for this period. Based on an analysis of the options available for STZ expiring on 31-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $213.47-$228.32 at expiration. In this scenario, the average linear return for the trade would be 60.86%. 52 week high: CONSTELLATION BRANDS recently reached a new 52-week high at $214.11. STZ had traded in the range $104.28-$211.64 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if STZ maintains its current direction and does not revert back to pricing on the bearish side of $213.45 on 31-Dec-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if CONSTELLATION BRANDS closes at or above $213.30 on 31-Dec-2020. Based on our risk-neutral analysis, there is a 50.48% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.