Upside Purchased on Boise Inc. (BZ)

Shares of Boise Inc.

are lower on the session by 0.91%, currently trading at $5.44. The stock has been trading largely sideways for the past nine months and is now below the 50-day moving average. Options traders are buying upside on the name today. The December $7.50 call was purchased 5,100 times, on the offer, a short while ago. Open interest on the strike is currently 30,246 contracts. Call volume is running at 6.3x the daily average. 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. The company owns pulp and paper mill operations in Jackson, Alabama; International Falls, Minnesota; St. Helens, Oregon, and Wallula, Washington, all of which manufacture uncoated freesheet paper.