Options Brief: Packaging Corporation of America

Shares of Packaging Corporation of America PKG are higher on the session by 6.67%, trading at $28.62. Overall call volume is now running at 11.84x the daily average, with 41% of all calls traded being purchases on the offer. 2,440 contracts have traded on the session so far. Packaging Corporation of America is a producer of containerboard and corrugated products in the United States. PCA's corrugated products manufacturing plants produce a range of corrugated packaging products, including shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with strong visual appeal that help to merchandise the packaged product in retail locations.