Hershey put volume heavy and directionally bearish
The Fly

Hershey put volume heavy and directionally bearish

Bearish flow noted in Hershey with 4,136 puts trading, or 2x expected. Most active are May-24 185 puts and May-24 220 calls, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 2.84, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 2nd.

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