Bearish flow noted in General Mills (GIS) with 1,039 puts trading, or 1.6x expected. Most active are Feb-25 60 puts and Mar-25 62.5 calls, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 8.59, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 19th.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIS:
- Super Bowl Ad Pricing Hits $8M as Top Advertisers Compete for Views
- General Mills price target lowered to $72 from $78 at Stifel
- FDA bans use of Red No. 3 artificial coloring
- General Mills price target lowered to $68 from $74 at Barclays
- General Mills price target lowered to $64 from $75 at TD Cowen