Hershey (HSY) Options Chain

NYSE: HSYConsumer StaplesSpecialty FoodsUSD

162.74+0.20 (+0.12%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 39
Share price: $162.74
Put/call ratio (OI): 1.13
Put/call ratio (volume): 2.04
ATM implied volatility: 32.1%
Expected move: ±$17.07
Open interest (C / P): 3.28K / 3.71K

HSY options summary

The HSY options chain for the November 20, 2026 expiration lists 22 call and 26 put contracts, with 39 days until expiration. Open interest stands at 3,276 calls and 3,714 puts, a put/call ratio of 1.13, which is fairly balanced between calls and puts. At-the-money implied volatility near the $165.00 strike is 32.1%, which implies the market expects a move of about ±$17.07 (10.5%) in Hershey stock by expiration.

The most open interest sits at the $190.00 call (482 contracts) and the $165.00 put (837 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

HSY options chain · November 20, 2026

HSY calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	1	—	82.30	0.00	0.00	100.00	0.00	0.95	0.08	81.3%	11	12
—	—	—	—	—	—	105.00	0.00	2.45	1.00	90.3%	—	1
—	—	—	—	—	—	110.00	0.30	1.85	1.25	79.9%	1	2
—	—	—	—	—	—	115.00	0.00	2.85	1.10	77.6%	4	10
—	—	—	—	—	—	120.00	0.00	2.20	1.12	65.6%	1	15
—	—	—	—	—	—	125.00	0.00	2.30	1.19	59.2%	5	52
—	—	—	—	—	—	130.00	0.00	2.40	0.50	52.9%	11	39
—	—	—	—	—	—	135.00	0.10	1.15	0.65	45.5%	2	52
—	—	—	—	—	—	140.00	0.55	1.00	1.05	37.3%	137	167
—	—	—	—	—	—	145.00	1.20	1.35	1.35	33.8%	3	182
—	—	—	—	—	—	150.00	1.85	2.30	2.15	33.3%	1	273
20	2	34.2%	11.50	10.10	11.70	155.00	3.00	3.50	3.50	31.8%	2	450
33	3	32.6%	7.70	7.20	8.40	160.00	4.90	5.80	5.30	33.3%	2	430
HSY $162.74
143	6	30.4%	5.05	4.90	5.50	165.00	7.50	8.50	8.00	33.8%	3	837
450	18	29.6%	3.10	2.95	3.50	170.00	10.40	11.90	11.00	35.2%	15	702
462	11	30.2%	1.92	1.80	2.30	175.00	14.40	16.10	15.35	38.7%	1	90
147	2	34.3%	1.35	1.05	2.00	180.00	18.20	20.50	21.50	41.9%	2	93
277	1	34.9%	0.81	0.60	1.35	185.00	23.20	24.40	18.20	40.8%	1	180
482	1	36.5%	0.50	0.35	1.00	190.00	27.50	29.80	25.74	48.7%	1	61
399	3	33.1%	0.35	0.20	0.40	195.00	32.60	34.60	34.26	52.2%	12	28
244	1	56.9%	0.20	0.00	2.35	200.00	37.00	39.70	40.60	57.6%	1	20
229	1	45.2%	0.07	0.00	0.50	210.00	45.90	49.80	50.60	67.0%	1	17
241	1	60.3%	0.54	0.00	2.15	220.00	55.80	59.70	50.45	51.4%	1	1
59	1	66.8%	0.51	0.00	2.15	230.00	52.90	57.10	41.40	—	5	0
35	2	72.8%	0.50	0.00	2.15	240.00	—	—	—	—	—	—
52	40	81.4%	1.10	0.00	2.55	250.00	76.30	80.30	67.15	—	9	0
0	10	25.0%	1.52	0.00	0.00	260.00	0.00	0.00	49.70	—	—	0
0	—	25.0%	4.30	0.00	0.00	270.00	—	—	—	—	—	—
0	10	25.0%	1.25	0.00	0.00	280.00	—	—	—	—	—	—
1	—	107.8%	1.45	0.00	2.75	300.00	—	—	—	—	—	—
1	—	111.3%	1.35	0.00	2.65	310.00	—	—	—	—	—	—
1	—	114.6%	0.65	0.00	2.55	320.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the HSY put/call ratio?

For the November 20, 2026 expiration, the HSY put/call ratio based on open interest is 1.13 (3,714 puts vs 3,276 calls), and 2.04 based on today's volume. A ratio above 1 means more puts than calls.

What is HSY's implied volatility?

At-the-money implied volatility for HSY options expiring November 20, 2026 is about 32.1%, an annualized estimate of how much the market expects Hershey stock to move.

How many HSY option expiration dates are there?

HSY has 16 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.