The Hershey Company (HSY)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 06:38 UTC · Figures derived from the full chain (1,092 contracts, 15 expirations) · IV own-history percentile appears after 60 recorded days (28 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±7.4% (range 158.13–183.53) by Nov 20, 2026. ATM straddle: 12.70 @ strike 170 · ATM IV: 29.2%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 153.75 | -10% | 88.0% | 12.0% |
| 162.29 | -5% | 70.9% | 29.1% |
| 170.83 | +0% | 48.3% | 51.7% |
| 179.37 | +5% | 27.2% | 72.8% |
| 187.91 | +10% | 12.6% | 87.4% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±2.8% | 24.8% | 1,277 |
| Oct 30, 2026 | 11 | ±5.3% | 33.9% | 750 |
| Nov 06, 2026 | 18 | ±6.2% | 32.4% | 347 |
| Nov 13, 2026 | 25 | ±6.9% | 31.1% | 352 |
| Nov 20, 2026 | 32 | ±7.4% | 29.2% | 7,132 |
| Nov 27, 2026 | 39 | ±7.8% | 28.3% | 37 |
| Dec 18, 2026 | 60 | ±9.2% | 27.9% | 3,886 |
| Jan 15, 2027 | 88 | ±10.5% | 26.6% | 7,622 |
| Feb 19, 2027 | 123 | ±12.8% | 27.1% | 1,575 |
| Mar 19, 2027 | 151 | ±14.1% | 27.4% | 4,772 |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 155 P · 1,232165 P · 1,078170 C · 1,010170 P · 978175 C · 915
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 93 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 62.4% of the time.
Past earnings reactions
Avg |reaction| 3.2% · median 2.3% (20 reports). Two-session close-to-close window; definition
About The Hershey Company
The Hershey Company, operating with its various subsidiaries, serves as a key manufacturer and distributor of both sweet confections and general household pantry items. Its market reach extends across the United States and globally. The enterprise strategically divides its operations into three main business segments: North America Confectionery, North America Salty Snacks, and an International division. Its extensive product catalog features a wide array of offerings. This includes various chocolate and non-chocolate candies, as well as refreshing chewing gums and mints. Beyond traditional treats, Hershey also supplies pantry essentials such as baking ingredients, dessert toppings, a range of beverages, and sundae syrups. Furthermore, their snack collection encompasses diverse items like spreads, meat snacks, various bars and snack bites, popcorn, and protein bars. The company markets its broad product line under numerous iconic brand names. Its extensive brand portfolio includes household names such as Hershey's, Reese's, Kisses, Jolly Rancher, Kit Kat, Twizzlers, York, and Ice Breakers, alongside other popular confectionery brands like Almond Joy, Cadbury, Heath, Payday, Rolo, a
Consumer Defensive · Food Confectioners · NYSE · Profile: Financial Modeling Prep
HSY news
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New York Post · Oct 17, 20:21 UTC ↗Related securities · Consumer Defensive
WMT · IV 29.1%KO · IV 21.8%COST · IV 19.2%PEP · IV 21.7%MO · IV 26.9%PG · IV 21.7%