STZConstellation Brands, Inc.
Options Analysis Report•BEVERAGES
Market Cap $24.2B|NYSE
● 2026-05-15$140.61
BULLISH
Analysis: 2026-05-14 EOD data
1Y -26.2%YTD -0.4%7D -5.1%
Options Vol
8,529
30D
Implied Move
±8.8%
IV Rank
32%
STZ Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
6.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 46.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.11x — IV premium over HV
Sector Relative≤50%
Sector percentile 62% — above sector median
Term Structure
<1.1xFront/Back 0.96x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 34.0% — normal range
Spread-Adjusted Value
<80%Effective IV 51.6% (ATM 34.0% + spread 8.8% + bias) — good value
Execution Efficiency
<3.0%Total drag 13.55% (spread 8.78% + slippage 4.77%) — high friction
Vega Efficiency
≥5.0Vega efficiency 50.95 (vega 44.737 / spread 8.78%) — efficient
Sentiment
Bullish or bearish?
8.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +56%, Raw: +52%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +56% (strong bullish) — Raw: +52%
OI Skew Magnitude
≥15%|OI skew| 14.0% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +41.6%, OI skew +14.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 35%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -13%, ATM: -6%, OTM: +72% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 29% — very bullish vs sector
Activity
Unusual activity?
5.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 1.7x avg — elevated
Turnover Rate
≥15%Vol/OI 8.5% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +4.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 80% — very active vs sector
Trade Quality
≥30%Large trade volume 68% — heavy institutional
Execution Urgency
≥60%Aggressive execution 28% — patient
Flow Conviction
≥30Conviction +56 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
4.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 8.8% — wide
Adequate OI
≥10,000OI 100,643 — deep
Active Volume
≥500Volume 8,529/day — active
Reasonable Cost
≤$0.50$0.44 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 63% — wider than sector
Order Book Depth
≥100 contractsDepth 102.9 contracts (bid:57.0 ask:45.9) — adequate
Execution Quality
<1.0%Avg slippage 4.77% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -4.1% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 47% — neutral
Event Detection
≥10pts kinkIV kink -0.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1229.03 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +56% @ 78% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 98 (ITM 20% + inst 68%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.9
bullishIV cheap, bullish flow
Long Puts4.5
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put6.0
bullishIV too cheap, bullish flow
Covered Call3.6
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.