Bulls Brewing Up a Rally For Molson Coors (TAP)

Shares of Molson Coors Brewing Company TAP are lower on the session by 0.46%, currently trading at $45.52. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $45.00 call was purchased 1,000 times, on the offer, on open interest of 960 contracts. Overall call volume is now running at 4.42x the daily average with 92% 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.