Posted on June 24, 2021
Today’s trade is based on the western world’s greatest poison – the sweet KISS of death – from the murderous horde of Hershey, Pennsylvania.
Yes, the KISS. Produced by Hershey Co. (NYSE:HSY) at a rate of 70 million carcinogenic units per day!
In any event, it’s now time to mobilize all our pancreatic juice in the fight against obesity, diabetes, cancer and all totalitarian political tendencies with a down-side trade on HSY.
But first, the fundamentals –
All of which makes you wonder why the CDC and WHO haven’t issued one of their typical, hysterical press releases against the gene mutators at Hershey’s.
We don’t like HSY. We don’t like the CDC. And we don’t like the WHO (with apologies to Roger Daltrey).
All three, in our eyes, are killers.
And they deserve the come-uppance that will shortly come their way, G-d willing.
On to the chart –
The technical low-down’s like this –
And it’s for all the foregoing that we now offer the following, wrapped exquisitely in silver foil –
A Jew and His Gold recommends you consider selling the HSY November 19th 170/175 CALL spread* for a credit of $1.40 (6.80/5.40), and buying the HSY November 19th 175/160 PUT spread** for $7.00 (10.70/3.70) . Total debit on the trade is $5.60.
Rationale: We’re laying out $5.60 for a potential maximum profit of $9.40 – thanks to the CALL spread covering part of our PUT spread debit.
Maximum loss on the trade is $10.60 (difference between CALL strikes PLUS initial debit).
Hershey looks overly sweet at this stage and a decline to the 158 level – to begin – would go a long way toward insulinizing the stock for a new move higher.
We’re committed to it.
May the G-d of Israel actualize it.
Many happy returns,