Upside Purchased on Smurfit-Stone Container Corporation (SSCC)

Shares of Smurfit-Stone Container Corporation SSCC are lower on the session by 1.05%, currently trading at $38.76. 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 August 2011 $40.00 call was purchased 2,500 times, on the offer, on open interest of 2,577 contracts. Overall call volume is now running at 3.84x the daily average with 99% of all calls traded being purchases on the offer. Smurfit-Stone Container Corporation is an integrated manufacturer of paperboard and paper-based packaging North America, including containerboard and corrugated containers, and is also a paper recycler.