Calls Purchased on Temple-Inland Inc. (TIN)

Shares of Temple-Inland Inc. TIN are lower on the session by 1.12%, currently trading at $21.16. The stock has been moving largely higher over the past four months, rallying from a recent low near $15.50, and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the February 2011 $25.00 call was purchased ~5,000 times, on the offer, on open interest of 6,576 contracts. Overall call volume is now running at 5.40x the daily average with 90% of all calls traded being purchases on the offer. 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.