General Mills put volume heavy and directionally bearish

Bearish flow noted in General Mills with 3,160 puts trading, or 4x expected. Most active are 2/23 weekly 61.5 puts and 2/23 weekly 62.5 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 3.70, while ATM IV is up over 1 point on the day. Earnings are expected on March 21st.