Huntsman Corporation Unusual Bullish Options Activity Means Profits for Traders

 Huntsman Corporation Unusual Bullish Options Activity Means Profits for Traders

In today’s session Huntsman Corporation (HUN) registered an unusually high (189) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious HUN increase. With 189 contracts traded and 1744 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: HUN170217C00019000 closed last at: $0.7 or 16.7% up. The stock decreased 2.52% or $0.41 during the last trading session, hitting $15.83. About 2.06M shares traded hands. Huntsman Corporation (NYSE:HUN) has risen 34.27% since March 2, 2016 and is uptrending. It has outperformed by 25.02% the S&P500.

Analysts await Huntsman Corporation (NYSE:HUN) to report earnings on October, 25. They expect $0.43 EPS, down 8.51% or $0.04 from last year’s $0.47 per share. HUN’s profit will be $102.14M for 9.20 P/E if the $0.43 EPS becomes a reality. After $0.53 actual EPS reported by Huntsman Corporation for the previous quarter, Wall Street now forecasts -18.87% negative EPS growth.

Huntsman Corporation (NYSE:HUN) Ratings Coverage

Out of 5 analysts covering Huntsman Corporation (NYSE:HUN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Huntsman Corporation has been the topic of 12 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Tuesday, October 20 the stock rating was maintained by JP Morgan with “Neutral”. KeyBanc Capital Markets maintained Huntsman Corporation (NYSE:HUN) rating on Thursday, October 15. KeyBanc Capital Markets has “Overweight” rating and $17 price target. Macquarie Research maintained Huntsman Corporation (NYSE:HUN) rating on Tuesday, September 29. Macquarie Research has “Outperform” rating and $20 price target. Monness Crespi & Hardt maintained the shares of HUN in a report on Tuesday, September 29 with “Buy” rating. The firm has “Conviction-Buy” rating by Goldman Sachs given on Monday, August 17. The firm has “Buy” rating by TheStreet given on Tuesday, August 11. Nomura maintained the shares of HUN in a report on Tuesday, May 3 with “Buy” rating.

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.06, from 1.07 in 2016Q1. The ratio increased, as 31 funds sold all Huntsman Corporation shares owned while 95 reduced positions. 54 funds bought stakes while 89 increased positions. They now own 150.82 million shares or 2.01% less from 153.91 million shares in 2016Q1.
Group Inc holds 0% of its portfolio in Huntsman Corporation (NYSE:HUN) for 6,632 shares. Tower Limited Company (Trc) holds 0.02% or 13,756 shares in its portfolio. First Trust Advisors Limited Partnership holds 479,151 shares or 0.02% of its portfolio. First Mercantile Trust, a Tennessee-based fund reported 17,800 shares. Pdts Prtnrs Ltd Co has invested 0.42% of its portfolio in Huntsman Corporation (NYSE:HUN). Verition Fund Management Limited Liability Corp holds 0.03% of its portfolio in Huntsman Corporation (NYSE:HUN) for 14,888 shares. Dumont And Blake Advsr Limited Co has invested 0.25% of its portfolio in Huntsman Corporation (NYSE:HUN). Exane Derivatives holds 0% or 975 shares in its portfolio. Marshall Wace Llp holds 0.01% of its portfolio in Huntsman Corporation (NYSE:HUN) for 88,478 shares. Tide Point Management L P accumulated 1.43 million shares or 1.45% of the stock. Aqr Cap Mgmt Limited Liability reported 3.24M shares or 0.08% of all its holdings. Prudential Plc last reported 0.03% of its portfolio in the stock. Tfs Limited Company has invested 0.06% of its portfolio in Huntsman Corporation (NYSE:HUN). Point72 Asset Lp last reported 665,700 shares in the company. Tci Wealth Advsrs accumulated 281 shares or 0% of the stock.

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The company has a market cap of $3.76 billion. The Firm operates all of its businesses through its subsidiary, Huntsman International LLC . It has a 18.7 P/E ratio. It operates in five divisions: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

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