Calls Purchased on Temple-Inland (TIN)

Shares of Temple-Inland TIN are higher on the session by 3.54%, currently trading at $24.84. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the March 2011 $25.00 call was purchased 2,600 times, on the offer, on open interest of 27 contracts. The March 2011 $24.00 call also traded 1,200 times on no open interest. Overall call volume is now running at 6.23x the daily average with 92% of all calls traded being purchases on the offer. Temple-Inland Inc. manufactures corrugated packaging and building products, which the company considers as two separate operating segments. The company's vertically integrated corrugated packaging operation includes seven mills and 63 converting facilities. Temple-Inland Inc. manufactures containerboard and converts it into a line of corrugated packaging.