Puts Purchased on Molson Coors Brewing Company (TAP)

Shares of Molson Coors Brewing Company TAP are lower on the session by 2.17%, currently trading at $48.84. The stock has been moving largely higher over the past six months, though it recently came under selling pressure and is now trading below the 50-day moving average. Options traders are buying puts on the name today. Though action has been primarily in small lots, overall put volume is now running at 2.68x the daily average with 94% of all puts traded being purchases on the offer. Traders are buying the $45.00 and $50.00 strikes in multiple months. 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.