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Last Friday, paper product issue Georgia-Pacific Group (GP - 32-5/8) fell to its worst intraday mark since early January 1999. The equity bounced back in Tuesday’s trading to vault ahead by more than four percent. This morning, the security has continued its upward trajectory, stepping up by another one percent. GP, though, remains well below all of its significant moving averages. In GP’s options pit today, the October 35 put has been active on volume of 3,000 contracts. Because open interest on this in-the-money option stands at 1,721 contracts, some of today’s activity should translate into new positions. Currently, this is one of the most-active put contracts on the CBOE.