We bought and planted a tree that was called an "American Oak" about 3 years ago. It's currently about 3 - 4 cm (2 - 3 inches) in diameter.
A few days ago, I discovered a hole in the trunk, about 170 cm's from the ground (under 6 ft). The hole itself is about 1.5 cm's in diameter (just under an inch). A wire detected that it went about 15 cm up and 4 cms down (about a foot up and a few inches down).
After probing with the wire, I looked away for an instant, and then had the distinct impression that I saw something out of the corner of my eye pop its head out of the hole for a fraction of a second. I wasn't able to get it again. It looked like a huge worm or something. Or maybe it didn't happen. But something made that hole.
The hole occupies about 20% of the diameter of the trunk.
My question: will the tree grow in respect to the size of the hole, so that the hole becomes insignicant, or will the hole "grow" with the tree?
Should I cut it down now instead of pealing it off my house later?
Should I fill the hole with anything?
Any thoughts will be appreciated.