Calls Sold on Louisiana Pacific Corp. (LPX)

Shares of Louisiana Pacific Corp. LPX are lower on the session by 6.50%, currently trading at $7.48. The stock is moving lower today as EPS missed and the company issued cautious guidance. Options traders are selling out of their long call positions today. The August $9.00 call was sold 26,000 times this morning; open interest on the strike is 26,166 contracts, indicating that this is very likely a closing transaction. Call volume is currently running at 9.06x the daily average. 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.