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General Mills put volume heavy and directionally bearish

Bearish flow noted in General Mills (GIS) with 13,948 puts trading, or 6x expected. Most active are Mar-26 45 puts and Feb-26 47.5 puts, with total volume in those strikes near 11,000 contracts. The Put/Call Ratio is 1.83, while ATM IV is up over 1 point on the day. Earnings are expected on March 18th.

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