Hershey (NYSE: HSY) David J. West, President and CEO of HSY, will provide an update on the company's strategic direction on June 17, 2008.

HSY is the frequent subject of M&A and ownership restructuring chatter.

HSY July option implied volatility of 38 is above its 26-week average of 28 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com