Bull Extends Bet on Huntsman (HUN)

Shares of Huntsman Corporation HUN are flat on the session, currently trading at $10.62. The stock has been moving largely sideways for the past four months, though it seems to have found bull support around $8.35. This is a bullish chart. One large options trader is betting that the stock can continue to move off its recent base. A short while ago the September/October $9/10 calendar call spread traded roughly 12,800 times. Volume exceeded open interest in Oct, but not in Sept, confirming that this was a roll out and up. Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The company operates all of its businesses through its 100% owned subsidiary, Huntsman International LLC. The company's products comprise a range of chemicals and formulations, which it markets globally to a group of consumer and industrial customers. The company operates through five segments: Polyurethanes, Advanced Materials, Textile Effects, Performance Products and Pigments. On June 23, 2009, the company acquired the Baroda Division of Metrochem Industries Ltd. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.