Calls Purchased on Molson Coors Brewing Company (TAP)

Shares of Molson Coors Brewing Company TAP are higher on the session by 1.32%, currently trading at $48.33. The stock has been moving largely higher over the past four months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the July 2011 $50.00 call was purchased 876 times, on the offer, on open interest of 1,714 contracts. Overall call volume is now running at 4.93x the daily average with 80% of all calls traded being purchases on the offer. Molson Coors Brewing Company is a holding company. Its operating subsidiaries include Coors Brewing Company, operating in the United States prior to the formation of MillerCoors LLC; Molson Coors Brewing Company Limited, operating in the United Kingdom; Molson Coors Canada, operating in Canada, and other corporate entities.