International Paper (IP, news, chart) is seeing bullish order flow. The stock has been outperforming, up 72 cents to $28.15 today and 4.1 percent on the week. In the options market, volume is running double the usual today. 9,800 IP calls and 1,200 puts have traded on the day. The October 30 calls are the most actives. 6,614 contracts have traded offerside. With zero open interest, this appears to be speculative call buying in anticipation of a move higher in shares of the paper company. Buying also seen in the September 27.5 calls.