Home » General World News » Traders are cranking up bets against the nation’s biggest wine company as California wildfires rage (STZ)

Traders are cranking up bets against the nation’s biggest wine company as California wildfires rage (STZ)





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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 >>>

Source:: BusinessInsider.Com

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