General Mills Unusual Options Activity For December 20

A whale with a lot of money to spend has taken a noticeably bearish stance on General Mills.

Looking at options history for General Mills GIS we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $617,568 and 5, calls, for a total amount of $272,820.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $87.5 for General Mills over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for General Mills options trades today is 1558.86 with a total volume of 6,305.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for General Mills's big money trades within a strike price range of $45.0 to $87.5 over the last 30 days.

General Mills Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GIS PUT SWEEP BEARISH 01/20/23 $85.00 $197.5K 5.4K 0
GIS PUT SWEEP BULLISH 01/20/23 $85.00 $162.2K 5.4K 1.0K
GIS CALL SWEEP BULLISH 01/20/23 $85.00 $90.1K 4.0K 1.7K
GIS PUT TRADE NEUTRAL 02/17/23 $87.50 $69.7K 799 262
GIS PUT SWEEP BULLISH 01/20/23 $85.00 $69.1K 5.4K 698

Where Is General Mills Standing Right Now?

  • With a volume of 2,182,057, the price of GIS is down -4.25% at $83.42.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On General Mills:

  • Deutsche Bank downgraded its action to Hold with a price target of $88
  • Morgan Stanley has decided to maintain their Underweight rating on General Mills, which currently sits at a price target of $73.
  • Piper Sandler has decided to maintain their Overweight rating on General Mills, which currently sits at a price target of $95.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for General Mills, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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