Traders are cranking up bets against the nation's biggest wine company as the California wildfires rage (STZ)
Jeff Chiu/AP
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.... Читать дальше...