Notable Put Options Activity in General Mills

Shares of General Mills

are lower on the session by 1.26%, currently trading at $39.91. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the December 2011 $40.00 put, which has traded 3,200 times on open interest of 2,472 contracts. Put volume is outpacing call volume by 2.5 to 1. General Mills, Inc., is a global manufacturer and marketer of consumer foods sold through retail stores. The company is also a supplier of branded and unbranded food products to the foodservice and commercial baking industries.