Looking At Hershey's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on Hershey.

Looking at options history for Hershey HSY we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $327,320 and 4, calls, for a total amount of $198,189.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $190.0 to $210.0 for Hershey during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Hershey's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Hershey's substantial trades, within a strike price spectrum from $190.0 to $210.0 over the preceding 30 days.

Hershey Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Hershey

Hershey is a leading confectionery manufacturer in the U.S. (around a $25 billion market), controlling around 45% of the domestic chocolate space (per IRI, as cited by Hershey). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the U.S., including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.

Having examined the options trading patterns of Hershey, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Hershey

• With a volume of 2,116,601, the price of HSY is up 2.29% at $199.02.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 45 days.

Expert Opinions on Hershey

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $196.5.

• Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Hershey with a target price of $210.
• Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Underweight with a new price target of $183.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Hershey with Benzinga Pro for real-time alerts.