Tour v526
HSY
HERSHEY CO
$188.31 -0.25%
$188.38 (+0.04%)🌙
as of 08/20 06:37 PM
(8/19 18:35) ◀
|
Thursday, August 20, 2026 (6:37pm)
January 2026
|
▶ (8/21 18:37)
◀ 8/20 18:37 ▶

Option Volume

Detail
ℹ
Current (08/20) 942
Calls: 484 (51%)
Puts: 458 (49%)
Prior (08/19) 1,107
Calls: 857 (77%)
Puts: 250 (23%)
Current vs Prior -14.91%
Calls: -43.52% (Calls)
Puts: +83.20% (Puts)
Prior 7-Day Total 14,457
Calls: 11,280 (78%)
Puts: 3,177 (22%)
Prior 7-Day Average 2,065
Calls: 1,611 (78%)
Puts: 453 (22%)
Current vs Prior 7-Day Avg -54.39%
Calls: -69.96%
Puts: +0.91%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/20) $322.8K
Calls: $242.4K (75%)
Puts: $80.4K (25%)
Prior (08/19) $646.1K
Calls: $536.7K (83%)
Puts: $109.4K (17%)
Current vs Prior -50.04%
Calls: -54.83%
Puts: -26.54%
Prior 7-Day Total $11.95M
Calls: $10.63M (89%)
Puts: $1.32M (11%)
Prior 7-Day Average $1.71M
Calls: $1.52M (89%)
Puts: $188.4K (11%)
Current vs Prior 7-Day Avg -81.10%
Calls: -84.04%
Puts: -57.34%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/20) 0.95
Prior (08/19) 0.29
Current vs Prior +224.39%
Prior 7-Day Average 0.92
Current vs Prior 7-Day Avg +2.97%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/20) 11,792
Calls: 7,114 (60%)
Puts: 4,678 (40%)
Prior (08/19) 15,065
Calls: 10,332 (69%)
Puts: 4,733 (31%)
Current vs Prior -21.73%
Prior 7-Day Total 90,452
Calls: 54,800 (61%)
Puts: 35,652 (39%)
Prior 7-Day Average 12,921
Calls: 7,828 (61%)
Puts: 5,093 (39%)
Current vs Prior 7-Day Avg -8.74%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 2.03% | 3.55%2.03% | 6.88%
Prior 2.36% | 3.71%2.36% | 7.28%
Current vs Prior -13.91% | -4.33%-13.91% | -5.58%
Prior 7-Day Avg 2.79% | 3.97%3.30% | 7.71%
Current vs 7-Day Avg -27.02% | -10.70%-38.42% | -10.78%
Prior 7-Day Eod 2.36% | 3.71%2.36% | 7.28%
Current vs 7-Day Eod -13.91% | -4.33%-13.91% | -5.58%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 32.97% | 17.11%
Calls: 18.05% | 20.90%
Puts: 47.89% | 13.33%
Prior 32.97% | 17.11%
Calls: 18.05% | 20.90%
Puts: 47.89% | 13.33%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 32.97% | 17.11%
Calls: 18.05% | 20.90%
Puts: 47.89% | 13.33%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 75% of dollar volume in calls ($242.4K) vs puts ($80.4K). Light premium activity with dollar volume down 50% vs prior. P/C ratio rising 224% - increased hedging/bearish positioning. Call-heavy open interest (7,114 calls vs 4,678 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 1 of results (avg 7.2%, best 7.2%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$175.00Sep 1814.8015.90$15.357.2%30.86104
PUTS (0)
No puts meet the criteria

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. 17 found (avg delta 0.75, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$170.00Aug 2118.0020.60$19.3013.5%40.9975
$180.00Aug 217.809.10$8.4515.4%30.98108
$182.50Aug 215.606.70$6.1517.9%10.94--
$167.50Aug 2120.4023.10$21.7512.4%10.89--
$175.00Sep 1814.8015.90$15.357.2%30.86104
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 211.652.40$2.0336.9%20.6993
$190.00Aug 283.003.70$3.3520.9%10.581
$190.00Sep 185.006.20$5.6021.4%20.53--

Most actively traded options today. High liquidity = easy entry/exit. 59 active (total vol 697, top 97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Sep 180.350.80$0.5778.9%810.09345
$200.00Sep 181.452.00$1.7331.8%410.22382
$190.00Aug 210.350.90$0.6387.3%340.32916
$195.00Aug 280.651.10$0.8851.1%340.2142
$185.00Aug 213.104.30$3.7032.4%210.86652
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$170.00Sep 180.400.80$0.6066.7%970.09283
$180.00Sep 181.552.05$1.8027.8%590.231.1K
$155.00Sep 180.100.25$0.1883.3%500.02239
$160.00Sep 180.100.40$0.25120.0%350.04291
$170.00Sep 40.050.40$0.23152.2%250.0443

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 25.3%, max 39.9%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$187.50Aug 21Sep 432.6%23.3%39.9%8200
$190.00Aug 21Sep 1832.7%25.6%27.5%541.2K
$192.50Aug 28Sep 426.7%25.1%6.2%1548
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 21Sep 1832.7%25.6%27.5%493

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 34 found (best R:R 0.85, avg 6.08)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$180.00$195.00Sep 25$8.10$6.90$8.1075%0.85$188.10
$185.00$190.00Sep 18$2.55$2.45$2.5563%0.96$187.55
$210.00$220.00Sep 18$0.27$9.73$0.279%36.04$210.27
$182.50$187.50Sep 4$3.30$1.70$3.3076%0.52$185.80
$190.00$192.50Aug 28$0.71$1.79$0.7143%2.52$190.71
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$175.00$170.00Sep 4$0.15$4.85$0.158%32.33$174.85
$180.00$175.00Sep 18$0.75$4.25$0.7523%5.67$179.25
$170.00$165.00Sep 18$0.25$4.75$0.259%19.00$169.75
$185.00$182.50Aug 21$0.15$2.35$0.1514%15.67$184.85
$190.00$187.50Aug 28$1.25$1.25$1.2558%1.00$188.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 0.19, avg 0.26)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$200.00$210.00Sep 18$1.16$1.16$8.8478%0.13$201.16
$190.00$195.00Aug 21$0.50$0.50$4.5068%0.11$190.50
$197.50$200.00Aug 28$0.24$0.24$2.2686%0.11$197.74
$190.00$192.50Sep 4$0.97$0.97$1.5354%0.63$190.97
$190.00$195.00Sep 18$1.92$1.92$3.0852%0.62$191.92
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$185.00$175.00Sep 4$1.60$1.60$8.4067%0.19$183.40
$185.00$180.00Sep 18$1.48$1.48$3.5263%0.42$183.52
$187.50$185.00Aug 28$0.90$0.90$1.6057%0.56$186.60
$182.50$180.00Aug 28$0.32$0.32$2.1882%0.15$182.18
$185.00$180.00Oct 2$1.57$1.57$3.4360%0.46$183.43

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.29, cheapest $1.53)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$187.50Aug 21Aug 28$1.5332.6%23.5%
$190.00Aug 21Aug 28$1.5032.7%25.0%
$192.50Aug 28Sep 4$0.8326.7%25.1%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Aug 21Aug 28$1.3232.7%25.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 1.41% of stock, avg 4.55%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$190.00Aug 21$0.63$2.03$2.66$187.34$192.661.41%
$185.00Aug 21$3.70$0.25$3.95$181.05$188.952.10%
$187.50Aug 28$3.33$2.10$5.43$182.07$192.932.88%
$190.00Aug 28$2.13$3.35$5.48$184.52$195.482.91%
$185.00Aug 28$5.00$1.20$6.20$178.80$191.203.29%
$182.50Aug 21$6.15$0.10$6.25$176.25$188.753.32%
$182.50Aug 28$6.85$0.70$7.55$174.95$190.054.01%
$180.00Aug 21$8.45$0.03$8.48$171.52$188.484.50%
$190.00Sep 18$4.80$5.60$10.40$179.60$200.405.52%
$185.00Sep 18$7.35$3.28$10.63$174.37$195.635.64%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 52 found (cheapest 0.12% of stock, avg 1.51%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$195.00$182.50Aug 21$0.13$0.10$0.23$182.27$195.23
$195.00$185.00Aug 21$0.13$0.25$0.38$184.62$195.38
$200.00$180.00Aug 28$0.33$0.38$0.71$179.29$200.71
$210.00$165.00Sep 18$0.57$0.35$0.92$164.08$210.92
$197.50$180.00Aug 28$0.57$0.38$0.95$179.05$198.45
$190.00$182.50Aug 21$0.63$0.10$0.73$181.77$190.73
$190.00$185.00Aug 21$0.63$0.25$0.88$184.12$190.88
$200.00$182.50Aug 28$0.33$0.70$1.03$181.47$201.03
$210.00$170.00Sep 18$0.57$0.60$1.17$168.83$211.17
$197.50$182.50Aug 28$0.57$0.70$1.27$181.23$198.77

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 16 found (best R:R 0.29, avg credit $1.09)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
180/182198/200Aug 28$0.56$1.9468%0.29$181.94$198.06
182/185198/200Aug 28$0.74$1.7657%0.42$184.26$198.24
180/182195/198Aug 28$0.63$1.8761%0.34$181.87$195.63
180/182192/195Aug 28$0.86$1.6451%0.52$181.64$193.36
182/185195/198Aug 28$0.81$1.6950%0.48$184.19$195.81
182/185192/195Aug 28$1.04$1.4641%0.71$183.96$193.54
165/170195/200Sep 18$1.40$3.6058%0.39$168.60$196.40
170/175195/200Sep 18$1.60$3.4052%0.47$173.40$196.60
175/180195/200Sep 18$1.90$3.1043%0.61$178.10$196.90
165/170210/220Sep 18$0.52$9.4883%0.05$169.48$210.52

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 10.90, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$190.00$195.00$200.00Aug 21$0.42$4.5829%10.90
$185.00$190.00$195.00Sep 18$0.63$4.3730%6.94
$182.50$185.00$187.50Aug 28$0.18$2.3225%12.89
$185.00$187.50$190.00Aug 21$0.73$1.7754%2.42
$190.00$192.50$195.00Aug 28$0.17$2.3322%13.71
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$170.00$175.00$180.00Sep 18$0.30$4.7015%15.67
$180.00$182.50$185.00Aug 21$0.08$2.4213%30.25
$185.00$187.50$190.00Aug 28$0.35$2.1529%6.14
$180.00$182.50$185.00Aug 28$0.18$2.3218%12.89
$165.00$170.00$175.00Sep 18$0.20$4.809%24.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 46 found (best net $-1.15, 33 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$182.50$187.501:2Sep 4-$1.15$3.85
$182.50$185.001:2Aug 21-$1.25$1.25
$190.00$195.001:2Sep 18-$0.96$4.04
$195.00$200.001:2Sep 18-$0.58$4.42
$185.00$190.001:2Sep 18-$2.25$2.75
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$185.001:2Sep 18-$0.96$4.04
$185.00$180.001:2Sep 18-$0.32$4.68
$187.50$185.001:2Aug 28-$0.30$2.20
$185.00$180.001:2Oct 2-$1.06$3.94
$180.00$175.001:2Sep 18-$0.30$4.70

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 15 found (best yield 1.75%, avg 0.84%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$195.00Sep 25$3.300.373.5%1.75%5.31%214
$190.00Sep 18$4.400.480.9%2.34%3.23%20308
$200.00Sep 25$1.850.276.2%0.98%7.19%11
$195.00Sep 18$2.450.343.5%1.30%4.85%11358
$200.00Sep 18$1.450.226.2%0.77%6.98%41382
$190.00Sep 4$2.650.460.9%1.41%2.30%1--
$192.50Sep 4$1.700.362.2%0.90%3.13%4--
$195.00Sep 4$1.150.273.5%0.61%4.16%1--
$192.50Aug 28$1.150.312.2%0.61%2.84%1148
$190.00Aug 28$1.700.430.9%0.90%1.80%736

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 484
Total Puts 458
Put/Call Ratio 0.95
Net Difference 26

Prior's Put/Call Breakdown

Total Calls 857
Total Puts 250
Put/Call Ratio 0.29
Net Difference 607

Prior 7-Day Put/Call Summary

Total Calls 11,280
Total Puts 3,177
Average Put/Call Ratio 0.92
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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