Huntsman Corporation (HUN) $13.06 +10.07%
Huntsman (HUN) sees a spike about an hour ago and is up $1.11 to $12.98 on heavy volume approaching 20 million shares. Meanwhile, speculators are all over Hunstman call options like a cheap suit, with 18,000 calls and 835 puts traded on the Salt Lake City-based chemicals company. June 12 calls, which are now almost $1 in-the-money and expiring after tomorrow, are the most actives. 5,485 traded. Jun 13, July 13, and July 14s are busy as well and 30-day ATM vols are up 10.5 percent to 10.5. Reuters is out with a headline that BofA is shopping the company, but there’s little interest.
Category: All Stocks, Chemicals, Mid Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
