Tour v394
HSY
HERSHEY CO
$172.14 -0.11%
(7/22 19:37) ◀
|
Thursday, July 23, 2026 (6:39pm)
January 2026
|
▶ (7/24 02:40)
◀ 7/23 18:39 ▶

Option Volume

Detail
ℹ
Current (07/23) 692
Calls: 226 (33%)
Puts: 466 (67%)
Prior (07/22) 1,125
Calls: 730 (65%)
Puts: 395 (35%)
Current vs Prior -38.49%
Calls: -69.04% (Calls)
Puts: +17.97% (Puts)
Prior 7-Day Total 10,692
Calls: 5,400 (51%)
Puts: 5,292 (49%)
Prior 7-Day Average 1,527
Calls: 771 (51%)
Puts: 756 (49%)
Current vs Prior 7-Day Avg -54.70%
Calls: -70.70%
Puts: -38.36%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $271.4K
Calls: $97.3K (36%)
Puts: $174.1K (64%)
Prior (07/22) $285.1K
Calls: $224.3K (79%)
Puts: $60.8K (21%)
Current vs Prior -4.80%
Calls: -56.63%
Puts: +186.31%
Prior 7-Day Total $5.04M
Calls: $2.17M (43%)
Puts: $2.87M (57%)
Prior 7-Day Average $720.4K
Calls: $310.6K (43%)
Puts: $409.9K (57%)
Current vs Prior 7-Day Avg -62.33%
Calls: -68.68%
Puts: -57.52%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 2.06
Prior (07/22) 0.54
Current vs Prior +281.07%
Prior 7-Day Average 1.24
Current vs Prior 7-Day Avg +65.80%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 8,855
Calls: 5,256 (59%)
Puts: 3,599 (41%)
Prior (07/22) 7,872
Calls: 4,712 (60%)
Puts: 3,160 (40%)
Current vs Prior +12.49%
Prior 7-Day Total 65,898
Calls: 40,810 (62%)
Puts: 25,088 (38%)
Prior 7-Day Average 9,414
Calls: 5,830 (62%)
Puts: 3,584 (38%)
Current vs Prior 7-Day Avg -5.94%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.40% | 5.93%8.48% | 11.30%
Prior 2.84% | 6.24%8.56% | 11.37%
Current vs Prior -15.62% | -5.01%-0.91% | -0.66%
Prior 7-Day Avg 3.17% | 5.56%5.21% | 10.75%
Current vs 7-Day Avg -24.43% | +6.54%+62.72% | +5.11%
Prior 7-Day Eod 2.84% | 6.24%8.56% | 11.37%
Current vs 7-Day Eod -15.62% | -5.01%-0.91% | -0.66%
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

Moderately bearish flow with 64% put dollar volume ($174.1K). Extreme bearish P/C ratio of 2.06 - heavy put buying. P/C ratio rising 281% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BEARISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
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 3 of results (avg 7.0%, best 5.8%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Jul 3117.2018.50$17.857.3%10.93--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Aug 2123.5024.90$24.205.8%20.89--
$185.00Aug 2114.7015.90$15.307.8%10.77184

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. 16 found (avg delta 0.74, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Jul 2411.7013.00$12.3510.5%10.97--
$155.00Jul 3117.2018.50$17.857.3%10.93--
$160.00Aug 2113.9015.40$14.6510.2%20.78--
$165.00Jul 318.109.90$9.0020.0%10.76--
$170.00Jul 242.303.20$2.7532.7%130.7510
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$177.50Jul 244.705.90$5.3022.6%20.92--
$195.00Aug 2123.5024.90$24.205.8%20.89--
$175.00Jul 242.703.60$3.1528.6%400.8163
$185.00Aug 2114.7015.90$15.307.8%10.77184
$177.50Jul 316.907.80$7.3512.2%20.67--

Most actively traded options today. High liquidity = easy entry/exit. 63 active (total vol 508, top 60)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$170.00Aug 217.008.30$7.6517.0%300.55157
$175.00Aug 214.505.30$4.9016.3%300.43429
$180.00Jul 311.401.80$1.6025.0%160.25119
$170.00Jul 242.303.20$2.7532.7%130.7510
$175.00Jul 240.150.55$0.35114.3%90.20--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Aug 210.200.65$0.43104.7%600.05118
$145.00Aug 210.250.85$0.55109.1%490.0641
$167.50Jul 240.050.30$0.18138.9%400.10185
$175.00Jul 242.703.60$3.1528.6%400.8163
$175.00Jul 315.306.20$5.7515.7%400.5885

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 20 strikes (avg 48.4%, max 169.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$160.00Jul 24Aug 2177.8%35.1%121.5%3--
$180.00Jul 24Aug 2153.7%33.7%59.2%7765
$185.00Jul 31Aug 2144.0%34.1%29.2%4128
$170.00Jul 24Aug 2139.5%31.8%24.2%43167
$165.00Jul 31Aug 1444.7%36.6%22.1%2--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$155.00Jul 24Aug 2199.0%36.7%169.6%6110
$160.00Jul 24Aug 2177.8%35.1%121.5%15431
$162.50Jul 24Aug 2167.4%33.6%100.9%722
$165.00Jul 24Aug 2155.3%33.0%67.5%12227
$140.00Jul 31Aug 2173.4%44.0%66.7%70118

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 41 found (best R:R 74.00, avg 7.13)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$195.00Aug 7$0.23$4.77$0.2320.74$190.23
$195.00$200.00Aug 21$0.28$4.72$0.2816.86$195.28
$190.00$195.00Aug 21$0.32$4.68$0.3214.63$190.32
$175.00$177.50Jul 24$0.20$2.30$0.2011.50$175.20
$180.00$185.00Jul 31$0.80$4.20$0.805.25$180.80
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$152.50$145.00Jul 31$0.10$7.40$0.1074.00$152.40
$145.00$140.00Aug 21$0.12$4.88$0.1240.67$144.88
$160.00$157.50Jul 31$0.22$2.28$0.2210.36$159.78
$150.00$145.00Aug 21$0.45$4.55$0.4510.11$149.55
$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. 46 found (best R:R 24.00, avg 1.52)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$160.00$170.00Jul 24$9.60$9.60$0.4024.00$169.60
$155.00$165.00Jul 31$8.85$8.85$1.157.70$163.85
$160.00$170.00Aug 21$7.00$7.00$3.002.33$167.00
$165.00$170.00Aug 14$3.00$3.00$2.001.50$168.00
$165.00$175.00Jul 31$5.72$5.72$4.281.34$170.72
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$185.00Aug 21$8.90$8.90$1.108.09$186.10
$177.50$175.00Jul 24$2.15$2.15$0.356.14$175.35
$185.00$170.00Aug 21$9.75$9.75$5.251.86$175.25
$177.50$175.00Jul 31$1.60$1.60$0.901.78$175.90
$175.00$170.00Jul 24$2.63$2.63$2.371.11$172.37

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 20 found (avg debit $1.63, cheapest $0.25)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$195.00Aug 7Aug 21$0.4041.1%35.9%
$190.00Aug 7Aug 21$0.4938.2%33.8%
$185.00Jul 31Aug 21$1.2044.0%34.1%
$165.00Jul 31Aug 14$1.4044.7%36.6%
$180.00Jul 24Jul 31$1.5053.7%42.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Jul 31Aug 21$0.2573.4%44.0%
$145.00Jul 31Aug 21$0.3265.6%39.9%
$155.00Jul 24Jul 31$0.3399.0%49.1%
$160.00Jul 24Jul 31$0.7777.8%47.3%
$157.50Jul 31Aug 21$1.2749.4%35.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 15 found (cheapest 1.90% of stock, avg 6.97%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$170.00Jul 24$2.75$0.52$3.27$166.73$173.271.90%
$175.00Jul 24$0.35$3.15$3.50$171.50$178.502.03%
$177.50Jul 24$0.15$5.30$5.45$172.05$182.953.17%
$175.00Jul 31$3.28$5.75$9.03$165.97$184.035.25%
$177.50Jul 31$2.25$7.35$9.60$167.90$187.105.58%
$170.00Aug 7$6.55$4.05$10.60$159.40$180.606.16%
$165.00Jul 31$9.00$1.70$10.70$154.30$175.706.22%
$175.00Aug 14$4.90$7.35$12.25$162.75$187.257.12%
$170.00Aug 14$7.40$4.90$12.30$157.70$182.307.15%
$160.00Jul 24$12.35$0.08$12.43$147.57$172.437.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 72 found (cheapest 0.13% of stock, avg 2.44%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$180.00$165.00Jul 24$0.10$0.13$0.23$164.77$180.23
$177.50$165.00Jul 24$0.15$0.13$0.28$164.72$177.78
$180.00$167.50Jul 24$0.10$0.18$0.28$167.22$180.28
$177.50$167.50Jul 24$0.15$0.18$0.33$167.17$177.83
$175.00$165.00Jul 24$0.35$0.13$0.48$164.52$175.48
$175.00$167.50Jul 24$0.35$0.18$0.53$166.97$175.53
$180.00$170.00Jul 24$0.10$0.52$0.62$169.38$180.62
$177.50$170.00Jul 24$0.15$0.52$0.67$169.33$178.17
$175.00$170.00Jul 24$0.35$0.52$0.87$169.13$175.87
$185.00$155.00Jul 31$0.80$0.38$1.18$153.82$186.18

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 87 found (best R:R 8.52, avg credit $2.45)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
145/152155/165Jul 31$8.95$1.058.52$143.55$163.95
150/155160/170Aug 21$7.53$2.473.05$147.47$167.53
145/150160/170Aug 21$7.45$2.552.92$142.55$167.45
155/158160/170Aug 21$7.37$2.632.80$150.13$167.37
165/170175/180Aug 21$3.67$1.332.76$166.33$178.67
140/145160/170Aug 21$7.12$2.882.47$137.88$167.12
162/165170/175Aug 21$3.50$1.502.33$161.50$173.50
165/168175/178Jul 31$1.73$0.772.25$165.77$176.73
170/185190/195Aug 21$10.07$4.932.04$174.93$200.07
170/185195/200Aug 21$10.03$4.972.02$174.97$205.03

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 18 found (best R:R 61.50, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$175.00$177.50$180.00Jul 24$0.15$2.3515.67
$180.00$185.00$190.00Aug 21$0.30$4.7015.67
$165.00$170.00$175.00Aug 14$0.50$4.509.00
$185.00$190.00$195.00Aug 21$0.51$4.498.80
$175.00$180.00$185.00Aug 21$0.64$4.366.81
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$145.00$150.00$155.00Aug 21$0.08$4.9261.50
$165.00$167.50$170.00Aug 7$0.09$2.4126.78
$155.00$157.50$160.00Aug 21$0.15$2.3515.67
$140.00$145.00$150.00Aug 21$0.33$4.6714.15
$152.50$155.00$157.50Jul 31$0.20$2.3011.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 52 found (best net $-0.15, 43 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$155.00$165.001:2Jul 31-$0.15$9.85
$160.00$170.001:2Aug 21-$0.65$9.35
$180.00$185.001:2Jul 31$0.00$5.00
$190.00$195.001:2Aug 7-$0.22$4.78
$195.00$200.001:2Aug 21-$0.29$4.71
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$152.50$145.001:2Jul 31-$0.13$7.37
$165.00$160.001:2Jul 31$0.00$5.00
$160.00$155.001:2Jul 24-$0.02$4.98
$150.00$145.001:2Aug 21-$0.10$4.90
$145.00$140.001:2Jul 31-$0.13$4.87

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 2.61%, avg 1.04%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$175.00Aug 21$4.500.431.7%2.61%4.28%30429
$175.00Aug 14$4.300.451.7%2.50%4.16%2--
$175.00Aug 7$3.500.431.7%2.03%3.69%2--
$175.00Jul 31$2.850.421.7%1.66%3.32%142
$180.00Aug 21$2.750.314.6%1.60%6.16%6441
$180.00Aug 14$2.500.324.6%1.45%6.02%322
$180.00Aug 7$1.950.304.6%1.13%5.70%1--
$177.50Jul 31$1.850.333.1%1.07%4.19%9212
$185.00Aug 21$1.650.227.5%0.96%8.43%2--
$180.00Jul 31$1.400.254.6%0.81%5.38%16119

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 226
Total Puts 466
Put/Call Ratio 2.06
Net Difference -240

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 5,400
Total Puts 5,292
Average Put/Call Ratio 1.24
Ratio Trend Rising

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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