Calls Purchased on Louisiana-Pacific Corporation

Shares of Louisiana-Pacific Corporation LPX are higher on the session by 3.68%, currently trading at $8.18. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the July 2011 $9.00 call was purchased 2,000 times, on the offer, on open interest of 79 contracts. Overall call volume is now running at 5.37x the daily average with 98% of all calls traded being purchases on the offer. 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.