Constellation Brands (STZ), which sells Corona and Modelo beers and other drinks, generated strong free cash flow and FCF margins for its latest quarter ended May 31. But investors are wondering if it's undervalued. One attractive play is to sell short out-of-the-money (OTM) puts for a high monthly yield.
STZ closed at $137.47, up slightly, but down after its June 30 quarterly release, when STZ closed at $139.09 per share.