HSY January $90 Calls: New Conservative Trade

As I mentioned in Monday’s Weekly Update, we would be looking for opportunities in stocks that have been trading well. Hershey (HSY) is one of those names, and while it has pulled back with the market today, I expect the shares to stabilize and then make a move higher. In a conservative trade, buy to open HSY January $90 calls (exp. 1/17) at $5.90 or under.