NEW YORK -- Bullish option traders cleaned up quickly in Monster Beverage (MNST) - Get Report on Thursday. 

OptionMonster's Heat Seeker system detected buying in the Weekly 140 calls expiring May 1 for $3.30 to $3.45 on Thursday. The initial alert on our InsideOptions Pro service was sent out after 2,800 contracts had traded, which was more than 450 times previous open interest at the strike. Premiums rose to $4.80 as the shares pushed higher. 

Long calls lock in the price where investors can buy a stock. Their cheap cost helps manage risk and can result in significant leverage, as happened on Thursday. 

Monster Beverage shares rose 1.15% to $138.28 on Thursday and have more than doubled since last summer. The company started rallying after a big investment by Coca-Cola (KO) - Get Report and has consistently reported strong earnings. 

Thursday's total option volume in Monster was triple its daily average, with calls outnumbering puts by a bullish 8-to-1 ratio.

-- Written by David Russell of  OptionMonster

Russell has no positions in Monster Beverage.