norok

Long (STZ) Constellation Brands

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NYSE:STZ   Constellation Brands, Inc.
Like many stocks over the last 2 weeks STZ has pulled back to a key 50% Retracement Level. This level is also backed up by an Ichimoku cloud pattern. Now within this week's short term pullback to the rally there is an opportunity to play STZ back to the high.

I expressed the trade with April 2022 250 Calls. The goal is to hold right up til earnings for the swing timeframe move and ideally IV rise.

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