Calls Purchased on Boise Inc. (BZ)

Shares of Boise Inc. BZ are higher on the session by 0.81%, currently trading at $8.66. The stock has been moving largely higher over the past six months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2013 $15.00 call was purchased 3,000 times, on the offer, for $0.50 on open interest of 319 contracts. Overall call volume is now running at 2.62x the daily average with 87% of all calls traded being purchases on the offer. Boise Inc. is a manufacturer of packaging products and papers, including corrugated containers, containerboard, label and release and flexible packaging papers, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp.