Second day of heavy call volume in Molson Coors for second day. Shares up $1.88, or 3.56%, near $54.72 this morning with calls leading puts 11 to 3 and total option 13x normal at 29k contracts, while spot volume near 3M shares is 4x normal. March 55 calls lead the flow with 9k contracts trading from 35c to 1.30 (90c avg) and Cboe open-close data confirming an opening customer buyer driving the flow. Nearly 13k calls traded yesterday vs 62 puts, led by the April 57.5 calls, bought nearly 10k times near 36c with shares near $52.79, with a sale of nearly 2k this morning for $1.13 looking like a partial unwind of a 213% gain.
Published first on TheFly
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