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October 17, 2016  Mon 6:14 AM CT

At least one investor sees more upside potential for Molson Coors Brewing.

optionMONSTER's tracking program detected the sale of 1,500 October 110 calls for $2.50 and the purchase of 1,500 November 115 calls for $2 on Friday. Volume was below open interest in the October contracts, indicating that a bullish position was rolled forward by a month to a higher strike.

Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Education section)

TAP rose 0.54 percent to $111.25 on Friday and is up 12 percent in the last three months. The international beer company is scheduled to release quarter results before the market opens on Nov. 1.

Total calls outnumbered puts in the name by a bullish 5-to-1 ratio on Friday.

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