There is one chart I’ve looked at repeatedly but could never bring myself to short since it is relatively thinly traded: Huntsman (HUN):
![](https://slopeofhope.com/wp-content/uploads/2024/09/slopechart_HUN-640x342.jpg)
If one glances at the website, it isn’t particularly clear what they do except for “enriching lives through innovation“, whatever that means.
![](https://slopeofhope.com/wp-content/uploads/2024/09/inn-640x499.png)
Happily, I’m a chartist, not a fundamental analyst, so I’m much more focused on the price action. As such, this company definitely has demonstrated its propensity to top out and tumble with some regularity.
![](https://slopeofhope.com/wp-content/uploads/2024/09/slopechart_HUN-1-640x342.jpg)
Thus, even though I’ve passed on this opportunity dozens of times, I decided to take a moment to look at the options chain, and it isn’t that terrible. In fact, what I was drawn to was a put option that was wayyyyyyy in the future (a full 500 days!): the January 2026 $25 put. I figure, hell, if the world is going to go through an economic collapse, might as well give this sucker a ton of time, since the time premium is just about zilch.
![](https://slopeofhope.com/wp-content/uploads/2024/09/opop-640x178.png)
You can see in the long-term chart below, augmented with the implied volatility, that one pays very little for the uncertainty of this beast. The stock is $21.50 now, but I don’t think it’s out of the question for this to be in the single digits in the timeframe of these options. I mean, sheesh, for a $5.20 purchase price, you’re getting $3.50 of intrinsic value with nearly one and a half freakin’ years of time premium.
![](https://slopeofhope.com/wp-content/uploads/2024/09/slopechart_HUN-2-640x342.jpg)