Shares of Louisiana-Pacific Corp. (LPX) are up .43 to 17.74.? LPX is in the middle of the 52-week range.
Today paper traded 3,573 LPX Jan 17 calls for 1.20-1.25.? The ADV is 1,375 contracts.? The OI is 2,507 contracts.
The volume went up in mid-size blocks mostly lifting the offer.? May 19 calls are trading on the offer as well. The IV is up 2 points today which looks like the result of heavy buying.? On balance the trade looks bullish.? Some of the Jan could be short covering but the May looks buying.
30-day implied volatility is 37%.? ?10-day implied volatility is 32%.? 30-day implied volatility is trading above the 10-day historical volatility.
Louisiana-Pacific Corporation is a manufacturer of building products.?