Molson Coors October calls active as shares near record high Molson Coors October 70 and 75 calls are active on total call volume of 22K contracts (1K puts). June call option implied volatility is at 34, July is at 22, October is at 22; compared to its 26-week average of 18 according to Track Data. Active call volume suggests traders taking positions for upside price movement following an upgraded to Buy from Underperform at BofA/Merrill.
Molson Coors downgraded to Neutral at Nomura As previously reported, Nomura downgraded Molson Coors to Neutral from Buy and lowered its price target to $74 from $82. The firm believes U.S. volume and pricing trends have worsened year-to-date and lowered its probability the company will buy the rest of MillerCoors in the U.S.