Options Brief: Packaging Corporation of America

Shares of Packaging Corporation of America (NYSE: PKG) are higher on the session by 2.07%, trading at $28.57.

Overall call volume is now running at 3.18x the daily average, with 13% of all calls traded being purchases on the offer. 2,047 contracts have traded on the session so far.

Packaging Corporation of America is a producer of containerboard and corrugated products in the United States. PCA's corrugated products manufacturing plants produce a range of corrugated packaging products, including shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with strong visual appeal that help to merchandise the packaged product in retail locations.