HSY Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: HSY's strategic acquisition of LesserEvil and continued product innovation in healthier snacks position it well for growth. Lower long-term volatility implies market confidence.




Bearish Case: Persistently high cocoa costs and weak short-term options sentiment pose risks. Backwardation in the volatility term structure indicates potential near-term uncertainty.




Potential Outcomes:
  1. 10% chance of strong growth from acquisitions and brand strategy.
  2. 20% chance of moderate growth driven by innovation.
  3. 40% chance of flat performance from cost pressures.
  4. 30% chance of decline due to high cocoa prices.



April 19, 2025


Hershey Forecast

HSY        Hershey











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PII Forecast + Options Trading Strategies   PII  Polaris (0.86)


GIS Forecast + Options Trading Strategies   GIS  General Mills (0.85)


STM Forecast + Options Trading Strategies   STM  New York Shares (0.83)


COLD Forecast + Options Trading Strategies   COLD  Americold Realty (0.83)



Uncorrelated Assets

Assets with little price relationship to HSY



ESTC Forecast + Options Trading Strategies   ESTC  Elastic (0.0)


MOD Forecast + Options Trading Strategies   MOD  Modine Manufacturing (0.01)


ROST Forecast + Options Trading Strategies   ROST  Ross Stores (0.01)


IRM Forecast + Options Trading Strategies   IRM  Iron Mountain (-0.01)


SG Forecast + Options Trading Strategies   SG  Sweetgreen (0.01)



Anticorrelated Assets

Assets that tend to move strongly against HSY



CHWY Forecast + Options Trading Strategies   CHWY  Chewy (-0.84)


LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (-0.84)


CLBT Forecast + Options Trading Strategies   CLBT  Cellebrite DI (-0.85)


RKLB Forecast + Options Trading Strategies   RKLB  Rocket Lab USA (-0.86)


EOSE Forecast + Options Trading Strategies   EOSE  Eos Energy Enterprises (-0.86)









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