Upside Purchased on Boise Inc. (BZ)

Shares of Boise Inc. BZ are lower on the session by 7.43%, currently trading at $5.36. The stock has been trading largely lower for the past two months and is currently in a technical downtrend. Options traders are buying calls today. The September $7.50 call was purchased 4,000 times, on or near the offer; open interest on the strike is 32,472 contracts. Call volume is now running at 3x the daily average. Boise Inc. manufactures packaging and paper products primarily in North America. The company operates through two segments, Paper and Packaging.