A whale with a lot of money to spend has taken a noticeably bullish stance on General Mills.
Looking at options history for General Mills GIS we detected 50 strange trades.
If we consider the specifics of each trade, it is accurate to state that 78% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $70,000 and 48, calls, for a total amount of $1,708,231.
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 $55.0 to $70.0 for General Mills over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for General Mills's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of General Mills's whale activity within a strike price range from $55.0 to $70.0 in 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 | CALL | SWEEP | BEARISH | 06/21/24 | $67.50 | $116.2K | 119 | 264 |
| GIS | CALL | SWEEP | BULLISH | 04/19/24 | $62.50 | $64.9K | 70 | 2.2K |
| GIS | CALL | SWEEP | BULLISH | 04/19/24 | $70.00 | $64.6K | 151 | 823 |
| GIS | CALL | SWEEP | BEARISH | 04/19/24 | $55.00 | $59.5K | 0 | 1.7K |
| GIS | CALL | SWEEP | NEUTRAL | 04/19/24 | $55.00 | $52.0K | 0 | 1.8K |
Where Is General Mills Standing Right Now?
- With a volume of 3,825,547, the price of GIS is down -0.31% at $65.89.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 1 days.
What The Experts Say On General Mills:
- Wells Fargo has decided to maintain their Equal-Weight rating on General Mills, which currently sits at a price target of $70.
- Piper Sandler has decided to maintain their Overweight rating on General Mills, which currently sits at a price target of $77.
- Deutsche Bank has decided to maintain their Hold rating on General Mills, which currently sits at a price target of $77.
- JP Morgan has decided to maintain their Neutral rating on General Mills, which currently sits at a price target of $71.
- TD Cowen downgraded its action to Market Perform with a price target of $70
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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