Bearish flow noted in Hershey with 2,295 puts trading, or 1.5x expected. Most active are 10/13 weekly 192.5 puts and 10/13 weekly 190 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.39, while ATM IV is up over 2 points on the day. Earnings are expected on October 26th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HSY:
- Novo Nordisk’s (NYSE:NVO) Ozempic Versus Snack Companies: The Debate Continues
- Fly Insider: MEI Pharma, Kellogg among week’s notable insider trades
- Hershey price target lowered to $240 from $285 at Piper Sandler
- Hershey initiated with a Buy at HSBC
- Hershey appionts Deepak Bhatia as Chief Technology Officer