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: Jan 21, 2028
Days to expiration: 468
Share price: $162.74
Put/call ratio (OI): 0.88
Put/call ratio (volume): 0.39
ATM implied volatility: 29.1%
Expected move: ±$53.54
Open interest (C / P): 2.42K / 2.14K

HSY options summary

The HSY options chain for the January 21, 2028 expiration lists 35 call and 31 put contracts, with 468 days until expiration. Open interest stands at 2,416 calls and 2,137 puts, a put/call ratio of 0.88, which is fairly balanced between calls and puts. At-the-money implied volatility near the $165.00 strike is 29.1%, which implies the market expects a move of about ±$53.54 (32.9%) in Hershey stock by expiration.

The most open interest sits at the $170.00 call (574 contracts) and the $170.00 put (589 contracts).

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

HSY options chain · January 21, 2028

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
2	1	46.8%	77.00	76.00	81.00	85.00	0.00	2.00	0.90	41.1%	3	28
4	1	69.7%	84.01	82.50	87.00	90.00	0.00	1.15	1.23	33.5%	1	7
1	—	98.2%	88.60	91.50	96.00	95.00	—	—	—	—	—	—
0	1	—	87.00	0.00	0.00	100.00	1.05	2.00	1.75	32.4%	2	23
—	—	—	—	—	—	105.00	2.50	6.90	6.35	44.6%	—	1
1	1	80.9%	83.93	76.50	80.60	110.00	2.05	4.20	2.05	34.3%	5	20
—	—	—	—	—	—	115.00	2.65	4.90	3.66	33.2%	11	9
23	1	33.6%	49.10	45.80	49.10	120.00	2.90	4.90	4.43	30.3%	1	18
1	1	77.6%	63.01	68.00	71.60	125.00	4.30	6.10	5.00	30.2%	1	11
7	1	32.8%	40.22	38.50	41.70	130.00	5.30	7.30	6.00	29.6%	1	11
42	4	33.0%	35.60	35.00	38.60	135.00	5.90	9.20	8.20	30.1%	1	82
112	6	31.9%	31.80	31.70	34.90	140.00	7.80	10.60	9.80	29.3%	2	483
—	—	—	—	—	—	145.00	9.50	12.40	11.60	29.0%	8	108
75	4	30.9%	26.20	25.70	28.70	150.00	10.50	14.40	13.20	28.6%	5	48
128	2	31.1%	24.70	23.20	26.30	155.00	12.50	16.40	15.80	28.0%	2	99
55	1	30.6%	22.00	21.20	23.60	160.00	14.70	18.80	17.40	27.7%	1	37
HSY $162.74
18	8	31.3%	19.40	18.80	22.00	165.00	17.10	20.90	20.70	26.8%	1	31
574	3	30.6%	17.30	15.50	19.50	170.00	19.70	23.60	22.30	26.4%	1	589
154	1	29.7%	14.90	14.70	17.00	175.00	23.40	26.50	24.70	26.0%	4	56
193	147	27.9%	12.70	12.90	14.00	180.00	25.50	30.00	28.00	26.2%	10	182
31	12	29.2%	11.99	11.20	13.40	185.00	29.60	32.70	25.26	25.1%	1	6
119	3	29.2%	10.55	9.90	12.00	190.00	0.00	0.00	27.30	—	21	0
279	12	27.3%	9.15	8.60	9.50	195.00	36.50	39.80	33.78	24.4%	1	96
65	12	27.2%	7.95	7.50	8.30	200.00	40.00	43.50	42.80	23.9%	1	70
52	12	28.9%	5.95	5.60	7.50	210.00	48.50	52.00	45.00	24.1%	1	18
75	1	27.5%	4.30	3.90	5.20	220.00	57.70	60.60	54.15	23.8%	15	91
61	1	28.1%	3.29	2.60	4.30	230.00	66.50	70.50	59.49	25.8%	4	2
79	3	30.0%	3.70	1.65	4.20	240.00	54.40	57.00	62.51	—	1	5
52	1	30.8%	3.40	1.20	3.70	250.00	77.50	82.00	73.10	—	2	1
39	1	32.7%	2.70	0.10	3.70	260.00	84.00	88.50	78.50	—	—	1
10	8	33.7%	1.50	0.05	3.40	270.00	61.00	65.50	53.79	—	1	1
16	2	33.0%	1.00	0.05	2.60	280.00	92.50	96.50	84.40	—	—	3
56	2	36.0%	1.00	0.00	3.10	290.00	—	—	—	—	—	—
15	1	37.2%	1.54	0.00	3.00	300.00	—	—	—	—	—	—
21	18	41.1%	2.50	1.85	3.90	310.00	—	—	—	—	—	—
9	—	39.6%	0.90	0.00	2.90	320.00	—	—	—	—	—	—
0	6	12.5%	6.56	0.00	0.00	330.00	—	—	—	—	—	—
47	1	42.9%	0.40	0.00	2.80	350.00	—	—	—	—	—	—

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 January 21, 2028 expiration, the HSY put/call ratio based on open interest is 0.88 (2,137 puts vs 2,416 calls), and 0.39 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 January 21, 2028 is about 29.1%, an annualized estimate of how much the market expects Hershey stock to move.

How many HSY option expiration dates are there?

HSY has 15 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.