Calls Purchased on Domtar Corp. (UFS)

Shares of Domtar Corp. UFS are higher on the session by 1.20%, currently trading at $48.72. The stock has been trading largely lower over the past three months, off from recent highs near $79.00. Options traders are buying calls today, betting that the stock may have found a bottom. The October $80.00 was just bought 5,300 times, on the offer; open interest on the strike is 5,789 contracts. Call volume is currently running at 10.91x the daily average. Domtar Corporation is an integrated manufacturer and marketer of uncoated freesheet paper in North America. Domtar designs, manufactures, markets and distributes a range of paper products for a variety of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end-users. Domtar owns and operates Domtar Distribution Group, a network of paper distribution facilities.