Calls Purchased on Louisiana-Pacific Corporation (LPX)

Shares of Louisiana-Pacific Corporation LPX are higher on the session by 4.02%, currently trading at $9.31. The stock has been moving largely lower over the past three months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the May 2011 $11.00 call was purchased 2,000 times, on the offer, on open interest of 3,264 contracts. Overall call volume is now running at 3.04x the daily average with 90% of all calls traded being purchases on the offer. Louisiana-Pacific Corporation is principally engaged in the manufacturing of building products. The company operates in three segments: Oriented Strand Board, Siding and Engineered Wood Products.