Calls Purchased on Weyerhaeuser

Shares of Weyerhaeuser WY are higher on the session by 0.90%, currently trading at $21.91. The stock has been moving largely higher over the past three weeks and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the October 2011 $25.00 call traded 3,000 times on open interest of 745 contracts. Overall call volume is now running at 2.79x the daily average with 88% of all calls traded being purchases on the offer. Weyerhaeuser Company, formerly Weyerhaeuser Timber Company, is a forest products company. The company is principally engaged in growing and harvesting trees, builds homes and making a range of forest products.