Calls Purchased on Temple Inland (TIN)

Shares of Temple Inland Inc. TIN are higher on the session by 0.85%, currently trading at $22.67. The stock was drifting lower throughout May and early June, but made a strong rally this week after bouncing off of the 200-day moving average. Options traders are buying calls today. Though the action has been primarily in small lots, call volume is now running at 2.50x the daily average. Traders are focusing in on the $20.00 and $22.50 strikes in multiple months. 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.