Huntsman Corp. (HUN) was trading down .01 to 15.96 this morning. HUN is trading $1 off of its one-year highs.
A large HUN Jan/May 14 call roll traded 12,383 times for 2.05 over 2.65 marked as a spread.?? Average contract volume is over 4,200 contracts per day in HUN.? Open interest is light in May and over 13,000 in the Jan 14 strike.? The implied volatility in May is flat today. The trade looks to be a rolling short call where the customer keeps an ITM option short to collect the time premium (possibly against stock).
30-day implied volatility is 35%.?? 10-day implied volatility is 14%.? 30-day implied volatility is trading well over the 10-day historical volatility. ?
Huntsman Corporation (HUN) is a manufacturer of differentiated organic chemical products and of inorganic chemical products.