Calls Purchased on Rock-Tenn Company

Shares of Rock-Tenn Company RKT are higher on the session by 3.24%, currently trading at $73.00. 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 June 2011 $75.00 call was purchased 1,500 times, on the offer, on open interest of 1,744 contracts. Overall call volume is now running at 4.43x the daily average with 98% of all calls traded being purchases on the offer. Rock-Tenn Company is a manufacturer of packaging products, recycled paperboard, containerboard, bleached paperboard and merchandising displays. The company operates 95 facilities located in 27 states, Canada, Mexico, Chile and Argentina. It operates in four segments: Consumer Packaging, Corrugated Packaging, Merchandising Displays and Specialty Paperboard Products.