Puts Purchased on Huntsman Corporation (HUN)

Shares of Huntsman Corporation HUN are lower on the session by 3.42%, currently trading at $12.71. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Shares are looking to test the 50-day. Options traders are buying puts on the name today. A short while ago the December $13.00 put was purchased 3,000 times, on the offer, on open interest of only 701 contracts. This signals new positioning on the name. Overall put volume is now running at 6.77x the daily average with 92% of all puts traded being purchases on the offer. 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.