Puts Purchased on General Mills, Inc. (GIS)

Shares of General Mills, Inc. GIS are higher on the session by 0.24%, currently trading at $38.00. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the October $33.00 put was purchased 20,000 times, on the offer, for $0.47 on open interest of 31,695 contracts. Overall put volume is now running at 5.41x the daily average with 99% of all puts traded being purchases on the offer. General Mills, Inc. is a global manufacturer and marketer of consumer foods sold through retail stores. The company is also a supplier of food products to the foodservice and commercial baking industries. General Mills manufactures its products in 15 countries and markets them in more than 100 countries.