HSY250117C00270000 Option on Hershey

HSY Stock  USD 169.42  1.07  0.63%   
Hershey's latest option contracts expiring on June 20th 2025 are carrying combined implied volatility of 0.44 with a put-to-call open interest ratio of 0.76 over 61 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on June 20th 2025. The total put volume is at 19.0, with calls trading at the volume of 9.0. This yields a 2.11 put-to-call volume ratio.

Open Interest Against June 20th 2025 Option Contracts

Hershey option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Hershey's lending market. For example, when Hershey's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Hershey, he or she must hedge the risk by shorting Hershey stock over its option's life.
The chart above shows Hershey's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Hershey's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Hershey's option, there is no secondary market available for investors to trade.

Hershey Maximum Pain Price Across 2025-06-20 Option Contracts

Max pain occurs when Hershey's market makers reach a net positive position across all Hershey's options at a strike price where option holders stand to lose the most money. By contrast, Hershey's option sellers may reap the most after selling more options than buying, causing them to expire worthless.

In The Money vs. Out of Money Option Contracts on Hershey

Analyzing Hershey's in-the-money options over time can help investors to take a profitable long position in Hershey regardless of its overall volatility. This is especially true when Hershey's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Hershey's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Hershey's stock while costing only a fraction of its price.

Hershey In The Money Call Balance

When Hershey's strike price is surpassing the current stock price, the option contract against Hershey Co stock is said to be in the money. When it comes to buying Hershey's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Hershey Co are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Hershey Current Options Market Mood

Hershey's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Hershey Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Hershey's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Hershey's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current Hershey contract

Base on the Rule 16, the options market is currently suggesting that Hershey Co will have an average daily up or down price movement of about 0.0275% per day over the life of the 2025-06-20 option contract. With Hershey trading at USD 169.42, that is roughly USD 0.0466. If you think that the market is fully incorporating Hershey's daily price movement you should consider buying Hershey Co options at the current volatility level of 0.44%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing Hershey options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Hershey calls. Remember, the seller must deliver Hershey Co stock to the call owner when a call is exercised.

Hershey Option Chain

When Hershey's strike price is surpassing the current stock price, the option contract against Hershey Co stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Hershey's option chain is a display of a range of information that helps investors for ways to trade options on Hershey. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Hershey. It also shows strike prices and maturity days for a Hershey against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
Call
HSY250620C003100001310.00.0 - 2.351.45Out
Call
HSY250620C003000000300.00.0 - 2.351.45Out
Call
HSY250620C002900001290.00.0 - 2.350.33Out
Call
HSY250620C0028000038280.00.0 - 2.350.35Out
Call
HSY250620C002700005270.00.05 - 2.350.1Out
Call
HSY250620C0026000016260.00.0 - 2.40.4Out
Call
HSY250620C00250000319250.00.0 - 1.350.5Out
Call
HSY250620C00240000130240.00.2 - 2.451.51Out
Call
HSY250620C00230000601230.00.3 - 2.50.5Out
Call
HSY250620C00220000151220.00.0 - 2.70.65Out
Call
HSY250620C00210000601210.00.85 - 2.151.5Out
Call
HSY250620C00200000671200.01.25 - 2.152.0Out
Call
HSY250620C00195000140195.02.2 - 2.452.5Out
Call
HSY250620C00190000163190.02.95 - 3.43.7Out
Call
HSY250620C00185000603185.04.0 - 4.54.66Out
Call
HSY250620C00180000267180.05.5 - 6.05.99Out
Call
HSY250620C00175000526175.07.4 - 7.78.47Out
Call
HSY250620C00170000182170.09.7 - 10.110.7Out
Call
HSY250620C00165000509165.012.4 - 12.914.5In
Call
HSY250620C001600001897160.015.2 - 16.817.33In
Call
HSY250620C00155000260155.019.0 - 20.520.9In
Call
HSY250620C00150000656150.022.5 - 24.438.75In
Call
HSY250620C0014500059145.026.4 - 28.328.1In
Call
HSY250620C0014000021140.030.7 - 33.620.99In
Call
HSY250620C001350007135.034.9 - 38.539.0In
Call
HSY250620C001300003130.039.8 - 43.126.4In
Call
HSY250620C001250004125.044.6 - 48.065.7In
Call
HSY250620C001200003120.049.3 - 52.933.42In
Call
HSY250620C001100002110.059.1 - 62.645.5In
Call
HSY250620C001000005100.069.0 - 72.559.46In
 Put
HSY250620P003100000310.0138.5 - 141.9138.5In
 Put
HSY250620P003000000300.0128.5 - 132.0128.5In
 Put
HSY250620P002900000290.0118.8 - 122.0118.8In
 Put
HSY250620P002800000280.0108.5 - 112.0108.5In
 Put
HSY250620P002700000270.098.5 - 102.061.25In
 Put
HSY250620P002600000260.088.7 - 92.088.7In
 Put
HSY250620P002500000250.078.5 - 82.078.5In
 Put
HSY250620P002400000240.068.5 - 72.067.9In
 Put
HSY250620P002300000230.058.7 - 61.653.5In
 Put
HSY250620P002200000220.048.6 - 52.750.0In
 Put
HSY250620P0020000058200.030.3 - 32.621.2In
 Put
HSY250620P00195000143195.025.9 - 28.122.68In
 Put
HSY250620P00190000136190.022.2 - 24.015.6In
 Put
HSY250620P00185000441185.018.4 - 20.318.03In
 Put
HSY250620P00180000112180.014.7 - 16.715.8In
 Put
HSY250620P00175000705175.012.2 - 12.712.45In
 Put
HSY250620P00170000108170.09.6 - 10.08.85Out
 Put
HSY250620P00165000158165.07.3 - 7.77.2Out
 Put
HSY250620P00160000285160.05.5 - 6.05.55Out
 Put
HSY250620P00155000315155.04.1 - 4.44.15Out
 Put
HSY250620P00150000469150.02.9 - 3.22.9Out
 Put
HSY250620P00145000338145.01.9 - 2.552.1Out
 Put
HSY250620P00140000197140.01.15 - 1.81.6Out
 Put
HSY250620P001350001286135.00.7 - 3.11.1Out
 Put
HSY250620P001300001116130.00.45 - 2.91.0Out
 Put
HSY250620P0012500059125.00.0 - 2.72.65Out
 Put
HSY250620P001200004120.00.0 - 2.60.55Out
 Put
HSY250620P001150002115.00.0 - 2.51.8Out
 Put
HSY250620P001100004110.00.0 - 2.450.27Out
 Put
HSY250620P001000006100.00.0 - 2.350.3Out
 Put
HSY250620P000950001195.00.0 - 2.350.38Out

Hershey Selling And Marketing Expenses Over Time

   Selling And Marketing Expenses   
       Timeline  

Hershey Total Stockholder Equity

Total Stockholder Equity

4.95 Billion

At this time, Hershey's Total Stockholder Equity is fairly stable compared to the past year.

Hershey Corporate Directors

Melissa PooleSenior Director, IR Contact OfficerProfile
David ShedlarzIndependent DirectorProfile
James BrownIndependent DirectorProfile
M KokenIndependent DirectorProfile

Additional Tools for Hershey Stock Analysis

When running Hershey's price analysis, check to measure Hershey's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hershey is operating at the current time. Most of Hershey's value examination focuses on studying past and present price action to predict the probability of Hershey's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hershey's price. Additionally, you may evaluate how the addition of Hershey to your portfolios can decrease your overall portfolio volatility.