Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
HUN options intelligence
Huntsman Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
41
Market data through 31 Jul 2026
Checked 1 Aug 2026 00:31 · complete available chain
Options-market disagreement
Mixed pressure
HUN currently carries mixed options pressure with a 41/100 conviction score. The nearest-chain expected move is 25.0%, with volume/open-interest participation at 0.04.
Expected move
25.0%
Wider near-term move priced
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
0.94
Balanced tape
Trend fit
72
Options agree with trend context
Weekly backdrop
-23.8%
RS -20.0
Expected move
25.0%
Put-call volume
0.94
Volume / OI
0.04
Reference IV
0.84
Max pain
13.00
Underlying
12.80
Nearest expiry
21 Aug 2026
Contracts
138
Research Brief
HUN has a mixed chain read with 41/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.60–16.00; The largest call open-interest concentration is 13.00; the largest put concentration is 12.00. The most active strike by current volume is 10.00.
Priced range9.60–16.00
Call concentration13.00
Put concentration12.00
Max pain reference13.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
- Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.
Priced Move
Where the chain says movement becomes exceptional
Options imply 9.60 to 16.00. Max pain at 13.00 sits inside that range, 1.6% above spot.
Spot
Max pain
9.6012.80 ± 3.2016.00
Confirmation level
A close beyond 16.00 or below 9.60 at the 21 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 41/100
Pressure is 9/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure9 × 42%
+3.6
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
Volume relative to existing open interest and contract-level activity.
Trend agreement72 × 26%
+18.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 13.00; the largest put concentration is 12.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
40
2.00-84.4%
9
0
3.00-76.6%
3
16
7.00-45.3%
14
264
8.00-37.5%
35
54
9.00-29.7%
17
719
10.00-21.9%
47
613
11.00-14.1%
358
1219
12.00-6.3%
599
538
13.001.6%
2423
1208
14.009.4%
498
85
15.0017.2%
973
4
16.0025.0%
772
11
17.0032.8%
400
0
18.0040.6%
137
0
19.0048.4%
479
0
20.0056.3%
301
0
25.0095.3%
59
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.84
21 Aug
21d
0.75
18 Sep
49d
0.69
20 Nov
112d
0.74
15 Jan
168d
0.57
19 Feb
203d
0.66
21 Jan
539d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
11
12
13
14
15
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 21 Aug 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 138 / 138
- No material coverage gap was detected in the retained chain.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
The options read is mixed, so divergence is not strong enough to classify.
Put-heavy activity matters because it connects the options headline to the actual evidence: $243158 of estimated gross traded notional, calls · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+9
1W price-23.8%
Call premium34%
Put premium66%
Notional split
C 34% / P 66%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.04
Volume divided by open interest across the visible chain.
Trend fit
72/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · ITM
calls cluster with 203 contracts traded, $48275 estimated gross traded notional, and 20% of visible notional.
$48275
Puts · 91+ days · ITM
puts cluster with 57 contracts traded, $44910 estimated gross traded notional, and 18% of visible notional.
$44910
Puts · 8-21 days · OTM
puts cluster with 572 contracts traded, $43330 estimated gross traded notional, and 18% of visible notional.
$43330
Puts · 8-21 days · ITM
puts cluster with 58 contracts traded, $37445 estimated gross traded notional, and 15% of visible notional.
$37445
Puts · 91+ days · OTM
puts cluster with 202 contracts traded, $26416 estimated gross traded notional, and 11% of visible notional.
$26416
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close9.76
1W-23.8%
RS-20.0
Fair value-39.6%
Options pressure9
Speculation41
Volatility96
Trend fit72
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:57
Volatility
Pressure -30
Move 14.6%
30 Jul 10:47
Volatility
Pressure 99
Move 13.7%
30 Jul 15:21
Bullish
Pressure 30
Move 14.5%
30 Jul 17:48
Bullish
Pressure 29
Move 13.9%
31 Jul 13:45
Bullish
Pressure 28
Move 13.3%
31 Jul 15:43
Mixed
Pressure -1
Move 23.8%
31 Jul 16:41
Mixed
Pressure -1
Move 24.1%
31 Jul 17:02
Mixed
Pressure -2
Move 24.1%
Strike Map
Where activity is clustering
Strike2.00
Calls · V 6 · OI 9
Puts · V 40 · OI 40
Strike3.00
Calls · V 3 · OI 3
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 1 · OI 2
Strike6.00
Calls · V 2 · OI 2
Puts · V 2 · OI 0
Strike7.00
Calls · V 12 · OI 14
Puts · V 1 · OI 16
Strike8.00
Calls · V 10 · OI 35
Puts · V 2 · OI 264
Strike9.00
Calls · V 14 · OI 17
Puts · V 51 · OI 54
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts36
Avg IV0.84
Put-call1.42
Expiry18 Sep 2026
Contracts6
Avg IV0.75
Put-call0.08
Expiry20 Nov 2026
Contracts29
Avg IV0.69
Put-call0.89
Expiry15 Jan 2027
Contracts36
Avg IV0.74
Put-call0.29
Expiry19 Feb 2027
Contracts11
Avg IV0.57
Put-call1.30
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV1.10
Put IV0.71
Skew-0.39
18 Sep 2026Call IV premium
Call IV0.64
Put IV0.54
Skew-0.10
20 Nov 2026Put IV premium
Call IV0.52
Put IV0.64
Skew0.12
15 Jan 2027Put IV premium
Call IV0.57
Put IV0.91
Skew0.34
19 Feb 2027Call IV premium
Call IV0.67
Put IV0.58
Skew-0.09
Contract Tape
Most active contracts
ContractHUN270219C00020000
SideCall
Expiry19 Feb 2027
Strike20.00
Volume-
OI15
IV0.78
ContractHUN270219C00017000
SideCall
Expiry19 Feb 2027
Strike17.00
Volume-
OI10
IV0.74
ContractHUN260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume-
OI3
IV1.28
ContractHUN270219C00016000
SideCall
Expiry19 Feb 2027
Strike16.00
Volume-
OI3
IV0.72
ContractHUN270219P00013000
SidePut
Expiry19 Feb 2027
Strike13.00
Volume-
OI2
IV0.00
ContractHUN261120P00020000
SidePut
Expiry20 Nov 2026
Strike20.00
Volume-
OI2
IV0.00
ContractHUN270115C00016000
SideCall
Expiry15 Jan 2027
Strike16.00
Volume-
OI1
IV0.72
ContractHUN270115C00009000
SideCall
Expiry15 Jan 2027
Strike9.00
Volume-
OI1
IV0.71
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.