Put Volume Grows on Louisiana Pacific (LPX)

Shares of Louisiana Pacific Corp. LPX are higher on the session by 0.47%, currently trading $8.57. The stock has fallen sharply over the past month, but appears to have found support at the 200-day moving average. Put Volume is growing in the name today, but it appears to be mostly sales with the August $7.50 traded 2,619 times on open interest of 2,794 contracts, the November $7.50 put traded 2,412 times on open interest of 1,822 contracts, and 1,155 of the November $10 puts traded on open interest of 1,714 contracts. At worst, someone is extending a protective position from Aug to Nov at the $7.50 strike, though sales on other strikes suggest bullish sentiment. 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.