Posted by DigiNomad on 8th of Dec 2022 at 05:08 pm
Interesting. Thanks.
FWIW, here's the HSY trade one of my services is
recommending:
Call (Bull) Debit Spread on Hershey (HSY, current price
$232.58)
Buy 10- January 2023, $230 strike call for $9.20
AND
Sell 10- January 2023, $240 strike call for $4.20
If transacted with a $5 net debit, based upon a projected share
price of $240 at expiration on 1/20/23, Return on Investment (ROI)
would be 99.40% (including reasonable commission) if HSY rises
3.19% in the next 7 1/2 weeks.
This is too risky for my style, but you can get a big part of
the performance sliding the spread down a bit on the
chain.
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Little tidbit on HSY. They
HSY - sort of a boring name, but WOW performance. ...
Posted by Trendie on 8th of Dec 2022 at 03:19 pm
Little tidbit on HSY. They usually start a run up around Dec 1 that carries all the way through Valentine's Day.
Interesting. Thanks. FWIW, here's the HSY
Posted by DigiNomad on 8th of Dec 2022 at 05:08 pm
Interesting. Thanks.
FWIW, here's the HSY trade one of my services is recommending:
Call (Bull) Debit Spread on Hershey (HSY, current price $232.58)
Buy 10- January 2023, $230 strike call for $9.20
AND
Sell 10- January 2023, $240 strike call for $4.20
If transacted with a $5 net debit, based upon a projected share price of $240 at expiration on 1/20/23, Return on Investment (ROI) would be 99.40% (including reasonable commission) if HSY rises 3.19% in the next 7 1/2 weeks.
This is too risky for my style, but you can get a big part of the performance sliding the spread down a bit on the chain.