Mixed Signals on Hershey (HSY)

Shares of Hershey Co. HSY are higher on the session by 1.58%, currently trading $49.47. The stock has been on an amazing run higher over the past six months, breaking to new highs during today’s session. Options trading in the name has been mixed today, though. The June $50 put was purchased 1,000 times on the offer today, in addition to the August $55 call being purchased on the offer 1,200 times. The trades occurred at different times and were not linked. Call volume is running at 3x 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.