Traders are cranking up bets against the nation’s biggest wine company as California wildfires rage (STZ)
|10/13/2017||Posted by BusinessMediaguide.Com under General World News||
Constellation Brands, the biggest wine company in the US and a major producer of brands like Robert Mondavi, has a lot at stake right now as wildfires decimate California’s wine country.
And that fact is not lost on stock traders. Their nervousness around the situation has caused a surge in hedging costs on the stock.
The measure in question looks at the cost of options protecting against a 10% decline over the next month, relative to wagers on a 10% increase. This indicator has spiked as the wildfires recently began read more >>>