Call Spread on HUN on 9/26/2013

Huntsman Corporation (HUN) engages in the manufacture and sale of differentiated organic and inorganic chemical products worldwide.

The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, propylene oxide, polyols, propylene glycol, thermoplastic polyurethane, aniline, and methyl tertiary-butyl ether products, which are used to produce rigid and flexible foams, as well as coatings, adhesives, sealants, and elastomers. The Performance Products segment provides amines, carbonates, surfactants, linear alkyl benzene, maleic anhydride, performance chemicals, ethylene glycol, olefins, and technology licenses. The Advanced Materials segment offers epoxy resin compounds and formulations; cross-linking, matting agents, and curing agents; and epoxy, acrylic and polyurethane-based adhesives, and tooling resin formulations.

The Textile Effects segment provides textile chemicals and dyes. The Pigments segment offers titanium dioxide. The company’s products are used in various applications, such as adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals, and dye industries.

52-Week Trading Range: $14.18 - $21.11

Last Trade:  $20.70

Here is the trade: 

Trade Buy 1 October $20.00 Call at $1.17 Sell 1 October $22.00 Call at $0.30 For a net debit of $0.87 Profit/Loss Analysis Breakeven at $20.87 Maximum profit is $113.00 at strike of $22.00 Maximum loss is ($87.00) at strike of $20.00 Closing Summary Sold 1 October $20.00 Call at $1.45 Bought 1 October $22.00 Call at $0.30

Position closed on 10/1/2013 at price of $1.15 with a 32.18% gain in 5 days.

Updates

10/1/2013 12:13:34 PM

We are taking profits on HUN Call Spread.

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