Constellation Brands (STZ) reported last week that it made higher-than-expected free cash flow (FCF) last year. Despite raising the dividend by just 1% (lower than expected), investors can make more income by shorting out-of-the-money STZ put options.
STZ is at $185.30 in midday trading on Tuesday, April 15. This is up from a low of $170.96 on April 9, just before its April 9 earnings release for the year ending Feb. 28.
