IP options flow: unusual options activity in International Paper Co.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 4 unusual options prints in International Paper Co. (IP), $454K of tracked premium, leaning firmly bullish. Bullish premium was $360K against $93K bearish; $0 went into calls and $454K into puts, a put call ratio of n/a. The largest print was $320K of IP 17 Jun 2027 $32.50 puts on 21 September 2026, executed at bid. The last session with prints, 24 September 2026, added 2 prints and $93K of premium. IP closed at $35.02 on 25 September 2026, up 0.4%.
This week's unusual flow
Prints from 21 September 2026 to 24 September 2026, 3 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | IP 17 Jun 2027 $32.50 puts | Trade | 1,000 | 10 | $320K | At bid | Bullish | Notable |
| 24 Sep 2026 | IP 17 Jun 2027 $32.50 puts | Trade | 136 | 1,010 | $49K | At ask | Bearish | |
| 24 Sep 2026 | IP 19 Mar 2027 $32.50 puts | Trade | 168 | 117 | $45K | At ask | Bearish | Notable |
| 22 Sep 2026 | IP 21 Jan 2028 $37.50 puts | Trade | 56 | 212 | $40K | At bid | Bullish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 17 Jun 2027 | 2 | $369K | 0% | +$271K |
| 19 Mar 2027 | 1 | $45K | 0% | -$45K |
| 21 Jan 2028 | 1 | $40K | 0% | +$40K |
The most premium, $369K, is aimed at the 17 Jun 2027 expiry; the nearest expiry with unusual prints is 19 Mar 2027.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 24 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 24 Sep 2026 | IP 17 Jun 2027 $32.50 puts | Trade | 136 | 1,010 | $49K | At ask | Bearish | |
| 24 Sep 2026 | IP 19 Mar 2027 $32.50 puts | Trade | 168 | 117 | $45K | At ask | Bearish | Notable |
Every print in IP with its full detail, the live tape, one tap filters and saved screeners: open IP in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open IP in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 9 firms, have a median of $48, 37.1% above the last close. The last 90 days brought 2 upgrades.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About International Paper Co.
- Exchange
- NYSE
- Sector
- Materials
- Industry
- Business Supplies
- Headquarters
- Memphis, Tennessee
- Website
- internationalpaper.com
International Paper Company operates as a packaging company primarily in the United States, the Middle East, Europe, Africa, Asia, and rest of the Americas. The Global Cellulose Fibers segment provides fluff, market, and specialty pulps that are used in absorbent hygiene products, such as baby diapers, feminine care, adult incontinence, and other non-woven products.
In the same sector
Flow pages for other Materials names in the S&P 500:
LIN Linde PLCNEM Newmont Corp.FCX Freeport-McMoRan Inc.SHW Sherwin Williams Co.ECL Ecolab Inc.APD Air Products & Chemicals, Inc.CRH CRH Public Ltd. Co.NUE Nucor Corp.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for IP with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open IP in Options Sentiment Screener