HSY Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $160.19 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.80

15k P / 19k C

Put/Call (Volume)

0.85

528 P / 619 C that session

30d ATM IV

28%

annualized implied move

Call wall

$200

3k contracts

Put wall

$160

2k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Call wall at $200 (3k contracts), 25% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $160 (2k contracts), 0% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 4.5× deep-OTM put OI — speculative upside positioning dominates the tails.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	331	658	1.99	58
2026-10-16	2k	1k	0.83	92
2026-10-23	230	365	1.59	27
2026-10-30	166	98	0.59	53
2026-11-06	18	39	2.17	11
2026-11-13	6	0	0.00	2
2026-11-20	3k	3k	1.15	533
2026-12-18	2k	2k	0.90	53
2027-01-15	5k	3k	0.53	27
2027-02-19	587	685	1.17	8
2027-03-19	3k	2k	0.50	36
2027-05-21	27	32	1.19	6
2027-06-17	265	309	1.17	16
2027-09-17	317	55	0.17	2
2028-01-21	2k	2k	0.96	52
2029-01-19	61	116	1.90	3

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.