Puts Purchased on Louisiana-Pacific Corporation (LPX)

Shares of Louisiana-Pacific Corporation LPX are higher on the session by 0.09%, currently trading at $11.27. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the May 2011 $9.00 put was purchased 1,200 times, on the offer, on open interest of 1,337 contracts. The May 2011 $8.00 put also traded 1,200 times on open interest of 1,571 contracts. Overall put volume is now running at 15.11x the daily average with 90% of all puts traded being purchases on the offer. Louisiana-Pacific Corporation is principally engaged in the manufacturing of building products. The company operates in three segments: Oriented Strand Board (OSB), Siding and Engineered Wood Products (EWP).