Bearish flow noted in Hershey with 1,796 puts trading, or 1.8x expected. Most active are Apr-24 192.5 puts and 3/28 weekly 195 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.42, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 2nd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HSY:
- Cocoa Crisis: Tripling Cocoa Prices Leave Consumers Bittersweet
- Exane downgrades Hershey to Neutral on cocoa cost inflation
- Hershey downgraded to Neutral from Outperform at Exane BNP Paribas
- Hershey put volume heavy and directionally bearish
- Hershey a ‘melting giant,’ says The Bear Cave in new report