Buying STZ call contracts.

Constellation Brands (STZ) is a diversified alcohol supplier with a number of very strong brands.

Earnings continue to rise and should benefit from restaurants reopening this year.

Shares have held up well this year despite selling in other areas of the market. And after a modest pullback over the last few weeks, STZ appears ready to rebound.

Buying in-the-money call contracts gives us a chance to profit from any positive movement for STZ over the next several weeks. Meanwhile, these call contracts should retain some extra value even if the stock pulls back.