Shares of International Paper (IP) are up .12 to 49.13 today.? IP is near the top of the 52-week range.
Today paper traded 17,822 IP Jan 50 calls for .17.? ADV is 8,500 contracts.? The OI is 37,451 contracts.
The volume went up in one block with subsequent paper taking the volume to 21,785.? The .17 buy was near the lows of the day.? The large OI suggests this is closing paper for some kind of covered position.? There is also 16k more contracts open on the strike so the seller is trying close before the calls get too pricey.
30-day implied volatility is 23%. ? 10-day implied volatility is 7%.? 30-day implied volatility is trading above the 10-day historical volatility.
International Paper Company (International Paper) is a global paper and packaging company, with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.