Constellation Brands, Inc. (STZ)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 03:43 UTC · Figures derived from the full chain (1,182 contracts, 14 expirations) · IV own-history percentile appears after 60 recorded days (29 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±6.3% (range 122.87–139.27) by Nov 20, 2026. ATM straddle: 8.20 @ strike 131 · ATM IV: 26.4%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 117.96 | -10% | 90.5% | 9.5% |
| 124.52 | -5% | 73.1% | 26.9% |
| 131.07 | +0% | 48.4% | 51.6% |
| 137.62 | +5% | 25.4% | 74.6% |
| 144.18 | +10% | 10.4% | 89.6% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±2.6% | 30.4% | 1,522 |
| Oct 30, 2026 | 11 | ±4.6% | 31.2% | 2,182 |
| Nov 06, 2026 | 18 | ±5.7% | 31.4% | 886 |
| Nov 13, 2026 | 25 | ±5.2% | 24.5% | 592 |
| Nov 20, 2026 | 32 | ±6.3% | 26.4% | 7,679 |
| Nov 27, 2026 | 39 | ±6.5% | 25.0% | 149 |
| Dec 18, 2026 | 60 | ±8.6% | 26.6% | 12.2K |
| Jan 15, 2027 | 88 | ±11.1% | 28.5% | 32.8K |
| Mar 19, 2027 | 151 | ±14.0% | 27.5% | 6,243 |
| Apr 16, 2027 | 179 | ±16.5% | 29.8% | 721 |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 130 C · 2,402130 P · 1,766100 P · 1,574115 P · 1,304125 C · 1,281
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 121 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 39.7% of the time.
Past earnings reactions
Avg |reaction| 4.1% · median 3.3% (22 reports). Two-session close-to-close window; definition
About Constellation Brands, Inc.
Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company offers beer under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands. It also offers wine under the Cook’s California Champagne, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, My Favorite Neighbor, Robert Mondavi Winery, Schrader, and The Prisoner Wine Company brands; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson’s Green Brier, and SVEDKA brands. The company provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is based in Rochester, New York.
Consumer Defensive · Beverages - Alcoholic · NYSE · Profile: Financial Modeling Prep
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