Tour v388
HSY
HERSHEY CO
$172.33 +1.00%
(7/21 18:38) ◀
|
Wednesday, July 22, 2026 (7:37pm)
January 2026
|
▶ (7/23 18:39)
◀ 7/22 19:37 ▶

Option Volume

Detail
ℹ
Current (07/22) 1,125
Calls: 730 (65%)
Puts: 395 (35%)
Prior (07/21) 1,105
Calls: 385 (35%)
Puts: 720 (65%)
Current vs Prior +1.81%
Calls: +89.61% (Calls)
Puts: -45.14% (Puts)
Prior 7-Day Total 11,069
Calls: 5,616 (51%)
Puts: 5,453 (49%)
Prior 7-Day Average 1,581
Calls: 802 (51%)
Puts: 779 (49%)
Current vs Prior 7-Day Avg -28.86%
Calls: -9.01%
Puts: -49.29%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22) $285.1K
Calls: $224.3K (79%)
Puts: $60.8K (21%)
Prior (07/21) $667.0K
Calls: $194.0K (29%)
Puts: $473.0K (71%)
Current vs Prior -57.26%
Calls: +15.63%
Puts: -87.14%
Prior 7-Day Total $5.56M
Calls: $2.42M (44%)
Puts: $3.13M (56%)
Prior 7-Day Average $793.7K
Calls: $346.1K (44%)
Puts: $447.6K (56%)
Current vs Prior 7-Day Avg -64.08%
Calls: -35.19%
Puts: -86.41%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 0.54
Prior (07/21) 1.87
Current vs Prior -71.07%
Prior 7-Day Average 1.25
Current vs Prior 7-Day Avg -56.72%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22) 7,872
Calls: 4,712 (60%)
Puts: 3,160 (40%)
Prior (07/21) 9,636
Calls: 6,379 (66%)
Puts: 3,257 (34%)
Current vs Prior -18.31%
Prior 7-Day Total 65,246
Calls: 40,561 (62%)
Puts: 24,685 (38%)
Prior 7-Day Average 9,320
Calls: 5,794 (62%)
Puts: 3,526 (38%)
Current vs Prior 7-Day Avg -15.54%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.84% | 6.24%8.56% | 11.37%
Prior 3.22% | 6.30%8.91% | 11.72%
Current vs Prior -11.79% | -0.99%-3.92% | -2.97%
Prior 7-Day Avg 3.27% | 5.37%4.49% | 10.61%
Current vs 7-Day Avg -13.15% | +16.13%+90.42% | +7.17%
Prior 7-Day Eod 3.22% | 6.30%8.91% | 11.72%
Current vs 7-Day Eod -11.79% | -0.99%-3.92% | -2.97%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 54.08% | 20.25%
Calls: 41.38% | 17.72%
Puts: 66.77% | 22.78%
Prior 54.08% | 20.25%
Calls: 41.38% | 17.72%
Puts: 66.77% | 22.78%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 54.08% | 20.25%
Calls: 41.38% | 17.72%
Puts: 66.77% | 22.78%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($224.3K) vs puts ($60.8K). Light premium activity with dollar volume down 57% vs prior. Bullish P/C ratio of 0.54. P/C ratio dropping 71% - sentiment shifting bullish.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 7 of results (avg 8.7%, best 7.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Jul 2416.8018.10$17.457.4%10.99--
$175.00Aug 144.905.30$5.107.8%270.45--
$165.00Jul 318.909.70$9.308.6%20.752
$157.50Jul 2414.3015.60$14.958.7%10.98--
$170.00Jul 315.806.40$6.109.8%10.6019
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 318.909.70$9.308.6%10.73--
$175.00Jul 315.706.30$6.0010.0%190.5773

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 15 found (avg delta 0.68, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Jul 2416.8018.10$17.457.4%10.99--
$157.50Jul 2414.3015.60$14.958.7%10.98--
$165.00Jul 318.909.70$9.308.6%20.752
$170.00Jul 243.003.40$3.2012.5%110.7220
$170.00Jul 315.806.40$6.109.8%10.6019
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 247.108.40$7.7516.8%10.93--
$180.00Jul 318.909.70$9.308.6%10.73--
$175.00Jul 243.103.70$3.4017.6%50.7268
$175.00Jul 315.706.30$6.0010.0%190.5773
$175.00Aug 76.207.00$6.6012.1%10.56--

Most actively traded options today. High liquidity = easy entry/exit. 67 active (total vol 998, top 123)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 240.050.30$0.18138.9%1230.08323
$180.00Jul 311.452.20$1.8341.0%970.27133
$175.00Aug 214.705.70$5.2019.2%700.44379
$170.00Aug 147.208.40$7.8015.4%540.5720
$172.50Jul 314.505.00$4.7510.5%310.5115
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Jul 240.000.05$0.03166.7%700.01110
$155.00Jul 310.150.70$0.43127.9%700.07101
$160.00Jul 310.601.10$0.8558.8%300.14169
$165.00Jul 240.050.25$0.15133.3%230.07248
$167.50Jul 240.200.45$0.3375.8%220.14190

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 16 strikes (avg 38.4%, max 103.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$195.00Jul 24Aug 781.8%40.2%103.4%11115
$190.00Jul 24Aug 2167.0%33.3%101.5%21580
$187.50Jul 24Aug 2162.3%33.7%84.6%531
$185.00Jul 31Aug 2144.3%33.7%31.5%37443
$172.50Jul 31Aug 2143.0%35.1%22.3%3324
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$155.00Jul 24Aug 2163.1%37.0%70.7%73280
$150.00Jul 31Aug 2153.9%39.4%36.6%6222
$157.50Jul 31Aug 2147.9%35.4%35.2%17--
$162.50Jul 31Aug 2145.9%34.2%34.3%1220
$160.00Jul 31Aug 2144.9%35.6%26.1%37424

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 48 found (best R:R 82.33, avg 7.30)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$195.00Jul 31$0.18$4.82$0.1826.78$190.18
$177.50$180.00Jul 24$0.12$2.38$0.1219.83$177.62
$187.50$190.00Jul 31$0.12$2.38$0.1219.83$187.62
$190.00$200.00Aug 21$0.55$9.45$0.5517.18$190.55
$185.00$195.00Aug 7$0.87$9.13$0.8710.49$185.87
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$165.00$155.00Jul 24$0.12$9.88$0.1282.33$164.88
$155.00$150.00Jul 31$0.15$4.85$0.1532.33$154.85
$160.00$157.50Jul 31$0.17$2.33$0.1713.71$159.83
$167.50$165.00Jul 24$0.18$2.32$0.1812.89$167.32
$157.50$155.00Jul 31$0.25$2.25$0.259.00$157.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 51 found (best R:R 15.67, avg 0.94)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$157.50$170.00Jul 24$11.75$11.75$0.7515.67$169.25
$165.00$170.00Jul 31$3.20$3.20$1.801.78$168.20
$170.00$172.50Aug 21$1.40$1.40$1.101.27$171.40
$170.00$172.50Jul 31$1.35$1.35$1.151.17$171.35
$170.00$175.00Aug 14$2.70$2.70$2.301.17$172.70
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$180.00$175.00Jul 24$4.35$4.35$0.656.69$175.65
$175.00$172.50Jul 24$1.70$1.70$0.802.12$173.30
$180.00$175.00Jul 31$3.30$3.30$1.701.94$176.70
$175.00$172.50Jul 31$1.35$1.35$1.151.17$173.65
$175.00$170.00Aug 7$2.55$2.55$2.451.04$172.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 21 found (avg debit $1.64, cheapest $0.22)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$195.00Jul 24Jul 31$0.2281.8%48.3%
$185.00Jul 31Aug 7$0.3544.3%37.2%
$190.00Jul 24Jul 31$0.4067.0%44.7%
$187.50Jul 24Jul 31$0.5062.3%42.7%
$182.50Jul 24Jul 31$1.2549.3%44.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$155.00Jul 24Jul 31$0.4063.1%47.9%
$160.00Jul 31Aug 7$0.4044.9%38.0%
$150.00Jul 31Aug 21$0.7753.9%39.4%
$157.50Jul 31Aug 21$1.2047.9%35.4%
$180.00Jul 24Jul 31$1.5541.2%42.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 2.30% of stock, avg 5.85%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$170.00Jul 24$3.20$0.77$3.97$166.03$173.972.30%
$175.00Jul 24$0.75$3.40$4.15$170.85$179.152.41%
$180.00Jul 24$0.18$7.75$7.93$172.07$187.934.60%
$172.50Jul 31$4.75$4.65$9.40$163.10$181.905.45%
$170.00Jul 31$6.10$3.50$9.60$160.40$179.605.57%
$175.00Jul 31$3.60$6.00$9.60$165.40$184.605.57%
$175.00Aug 7$4.15$6.60$10.75$164.25$185.756.24%
$180.00Jul 31$1.83$9.30$11.13$168.87$191.136.46%
$165.00Jul 31$9.30$1.85$11.15$153.85$176.156.47%
$175.00Aug 14$5.10$7.70$12.80$162.20$187.807.43%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 76 found (cheapest 0.17% of stock, avg 2.83%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$182.50$165.00Jul 24$0.15$0.15$0.30$164.70$182.80
$180.00$165.00Jul 24$0.18$0.15$0.33$164.67$180.33
$177.50$165.00Jul 24$0.30$0.15$0.45$164.55$177.95
$182.50$167.50Jul 24$0.15$0.33$0.48$167.02$182.98
$180.00$167.50Jul 24$0.18$0.33$0.51$166.99$180.51
$177.50$167.50Jul 24$0.30$0.33$0.63$166.87$178.13
$175.00$165.00Jul 24$0.75$0.15$0.90$164.10$175.90
$182.50$170.00Jul 24$0.15$0.77$0.92$169.08$183.42
$180.00$170.00Jul 24$0.18$0.77$0.95$169.05$180.95
$177.50$170.00Jul 24$0.30$0.77$1.07$168.93$178.57

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 128 found (best R:R 6.58, avg credit $1.67)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
172/175178/180Jul 31$2.17$0.336.58$172.83$179.67
170/172175/178Jul 31$2.10$0.405.25$170.40$177.10
158/160170/172Aug 21$2.02$0.484.21$157.98$172.02
170/172178/180Jul 31$1.97$0.533.72$170.53$179.47
170/175180/185Aug 14$3.92$1.083.63$171.08$183.92
160/162170/172Aug 21$1.90$0.603.17$160.60$171.90
160/162170/172Jul 31$1.88$0.623.03$160.62$171.88
160/162165/170Jul 31$3.73$1.272.94$158.77$168.73
175/180182/185Jul 31$3.70$1.302.85$176.30$186.20
175/180185/188Jul 31$3.70$1.302.85$176.30$188.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 20 found (best R:R 37.46, cheapest $0.09)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$175.00$180.00$185.00Aug 14$0.13$4.8737.46
$177.50$180.00$182.50Jul 24$0.09$2.4126.78
$175.00$177.50$180.00Jul 31$0.13$2.3718.23
$170.00$172.50$175.00Jul 31$0.20$2.3011.50
$172.50$175.00$177.50Jul 31$0.20$2.3011.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$170.00$172.50$175.00Jul 31$0.20$2.3011.50
$165.00$167.50$170.00Jul 24$0.26$2.248.62
$155.00$157.50$160.00Aug 21$0.32$2.186.81
$165.00$170.00$175.00Aug 14$0.65$4.356.69
$157.50$160.00$162.50Jul 31$0.36$2.145.94

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 51 found (best net $-0.13, 40 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$200.001:2Aug 21-$0.13$9.87
$182.50$187.501:2Jul 24-$0.05$4.95
$190.00$195.001:2Jul 24-$0.08$4.92
$190.00$195.001:2Jul 31-$0.12$4.88
$185.00$190.001:2Aug 14-$0.33$4.67
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$155.00$150.001:2Jul 31-$0.13$4.87
$170.00$165.001:2Jul 31-$0.20$4.80
$155.00$150.001:2Aug 21-$0.52$4.48
$167.50$162.501:2Aug 21-$1.35$3.65
$175.00$170.001:2Aug 7-$1.50$3.50

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 25 found (best yield 3.37%, avg 1.23%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$172.50Aug 21$5.800.500.1%3.37%3.46%29
$175.00Aug 14$4.900.451.6%2.84%4.39%27--
$175.00Aug 28$4.800.441.6%2.79%4.33%24
$175.00Aug 21$4.700.441.6%2.73%4.28%70379
$172.50Jul 31$4.500.510.1%2.61%2.71%3115
$175.00Aug 7$3.600.431.6%2.09%3.64%1--
$175.00Jul 31$3.300.431.6%1.91%3.46%240
$180.00Aug 14$3.200.344.5%1.86%6.31%1--
$180.00Aug 21$2.850.324.5%1.65%6.10%3438
$177.50Jul 31$2.350.353.0%1.36%4.36%5210

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 730
Total Puts 395
Put/Call Ratio 0.54
Net Difference 335

Prior's Put/Call Breakdown

Total Calls 385
Total Puts 720
Put/Call Ratio 1.87
Net Difference -335

Prior 7-Day Put/Call Summary

Total Calls 5,616
Total Puts 5,453
Average Put/Call Ratio 1.25
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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