Hershey’s (HSY) is up 57 cents to $36.43 and options volume is running 7X the usual on increasing interest in May and June $40 calls. Looks like speculative call buying is responsible for some of the volume. No news today, and this is possibly a continuation of bullish activity seen before and highlighted in premium on March 12 and March 17.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.