Puts Sold on Hershey Co. (HSY)

Shares of Hershey Co. HSY are higher on the session by 1.26%, currently trading at $51.33. The stock has been trading largely higher over the past six months and is now nearing its 52-week high, near $52.00. Options traders are selling puts on the name today. The August $50.00 put was sold 1,500 times, on or near the bid, earlier in the session; open interest on the strike is 1,444 contracts. Put volume is now running at 2.65x the daily average. The Hershey Company is a manufacturer of chocolate and sugar confectionery products. The company's principal product groups include chocolate and confectionery products; snack products; gum and mint refreshment products; and pantry items, such as baking ingredients, toppings and beverages.