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7,900 Earnings Expiration Calls Trade in Huntsman Corporation (Symbol: HUN)

7,900 Earnings Expiration Calls Trade in Huntsman Corporation (Symbol: HUN)

OptionWatch:

Posted October 21, 2024 at 11:00 am

Jeff Praissman
Interactive Brokers
HUN

This morning 7,900 Huntsman Corporation (Symbol: HUN) November 15 ’24 26 calls traded for $0.13. This was an opening trade since the open interest was less than 300 contracts. The NBBO at the time of the trade was $0.10 / $.20 signaling the investor most likely sold the 14 delta calls. AT the time of the trade HUN was trading for $23.54.

HUN is expected to report earnings on November 4th and has missed expectations five of the past eight earnings cycles.

HUN is expected to report earnings on November 4th and has missed expectations five of the past eight earnings cycles.

Source: IBKR TWS. Past performance is not indicative of future results

The investor may be trying to take in some extra income by selling the upside calls against a stock position while capitalizing on the increased implied volatility usually associated with an earning expiration.

HUN is currently trading for $23.37. Hun has a 52-week high of $26.46 and a 52-week low of $19.92.

HUN is currently trading for $23.37. Hun has a 52-week high of $26.46 and a 52-week low of $19.92.

Source: IBKR TWS. Past performance is not indicative of future results

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