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Constellation Brands Inc. (STZ): Synthetic Long Working 04.07.13

|Includes: Anheuser-Busch InBev SA/NV (BUD), STZ

04.07.13

Put on a synthetic long: short April $47.50 puts and long April $50 calls. Should be working on Monday: $STZ shares at over $49.3 after hours on 04.05.13.

Department of Justice gave, per WSJ 04.05.13 evening, approval of the Constellation Brands acceptance of marketing/distribution of Corona/Modelo in the U.S.

BUD takes commanding lead, however, in the beer market. This is great news for $STZ shareholders. Corona is a growing brand in the growing Hispanic U.S. population.

Todd

Disclosure: I am long STZ, BUD.

Additional disclosure: synthetic longs in STZ