August 08, 2022
Intraday Update: STZ
STZ is losing ground in afternoon action, and the late slide is sending the stock below the key 100day sma. The Aug19 $255/$260/$265 call fly was a low debit roll up after the stock popped quickly to 250+ in July. STZ has not managed to make a push above 250 since then, though, and with time running low and the stock losing moving average support, it is tough to justify continuing to hold the position. The remainder of the trade will be closed this afternoon.
Trader Author Portfolio Holdings
**As of the date and time of publication