Despite the miss on Q3 earnings, we were confident enough in HSY’s setup to submit an idea for its options chain in yesterday morning’s report, and those ideas returned immediate opportunities for single-session profits.
We’re used to bucking the trend when we see a good enough chance, and this was a perfect example. Even as the market itself logged another day of losses, Hershey performed just as we’d hoped. Our targets were the HSY Weekly $102-104 Calls, and they all returned sizable gains on the day:
$102 Calls – Range: 2.79-5.60 - Max Gain: 101%
$103 Calls – Range: 2.25-4.47 – Max Gain: 99%
.$104 Calls – Range: 1.40-3.70 - Max Gain: 164%
We’ll continue to monitor these plays, but as it stands, these were some really good ideas to kick off the trading week amid some touchy conditions overall.
Under Armour Inc. UAA $19-20 Calls
Take-Two Interactive Software, Inc. TTWO $122-125 Calls
HZO, FAMI, EGO, CCCL, CASI, YECO,