NEW YORK (AVAFIN) -- Trading of International Paper options resulted in establishing a new 90-day call volume record, where 3,805 call
contracts exchanged hands between the buyers and the sellers. A total of 4,190 put and 3,805
call contracts was traded raising a 1.10 put/call ratio on shares of IP
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Put/Call ratio is often used to measure investment sentiment, the ratio serves as a predictor of
investor behavior. Unusual options volume provides reliable clues that the stock is expected to
make a move.
IP has paper and packaging operations in each of the BRIC countries, which could fuel top- and bottom-line growth in the medium-term.
Additionaly, With the acquisition of Temple-Inland, IP has established a dominant market share lead in corrugated packaging that will offer the firm scale advantages versus competitors and more stable profit margins.
Shares of International Paper rose $0.18 (+0.63%) to $28.78 in today's trading session.
The price of IP ranged between $28.38 - $28.96. Volume is 3M in relation to the three
month average volume of 4M shares. IP is trading below the 50 day
moving average and lower than the 200 day moving average. The stock's 52 week low is $21.55 and 52 week high is $36.50. Within the last week, the shares have lost -1.51% of their value.
