Calls Purchased on Louisiana-Pacific Corporation (LPX)

Shares of Louisiana-Pacific Corporation LPX are lower on the session by 2.16%, currently trading at $10.43. The stock has been moving largely higher over the six months and is currently consolidating above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $12.00 call was purchased 2,100 times, on the offer, on open interest of 86 contracts. Overall call volume is now running at 2.95x the daily average with 88% of all calls 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, Siding and Engineered Wood Products.