Puts Purchased on Temple-Inland Inc. (TIN)

Shares of Temple-Inland Inc. TIN are higher on the session by 1.32%, currently trading at $22.97. The stock has been moving largely higher over the past six months and is currently consolidating between the 50-day and 200-day moving averages.

Options traders are buying puts on the name today. A short while ago the March 2011 $22.00 put was purchased 3,800 times, on the offer, on open interest of 7,911 contracts.

Overall put volume is now running at 4.50x the daily average with 100% of all puts 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.