tsla

General Mills Stock Higher After Stellar Earnings Report

GIS calls are already flying off the shelves

Deputy Editor
Sep 23, 2020 at 10:50 AM
facebook X logo linkedin


The shares of General Mills, Inc. (NYSE:GIS) is up 0.4% at $58.24 this morning, after an impressive fiscal first-quarter earnings and revenue report that topped Wall Street's estimates. General Mills cited elevated demand for packaged food due to the pandemic, and a major boom in baking and cooking as main drivers for its sales jump. The company also lifted its quarterly dividend by 4% to 51 cents per share. 

On the charts, General Mills stock has taken a nosedive after months of consolidating just below its nearly four-year highs near the $66 mark. Despite the drop, GIS still boasts a respectable 8.8% year-to-date lead. Plus, the 320-day moving average sits just below, and could emerge as an area of support, going forward. 

While calls are still outpacing puts, option bears have upped the ante recently. This is per the 50-day put/call volume ratio of 0.43 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), sits higher than 90% of readings in its annual range, meaning puts have been picked up at a quicker-than-usual clip over the past 10 weeks.  

Today's options activity leans bullish, however. So far, over 12,000 calls have exchanged hands -- 11 times the intraday average -- compared to 3,596 puts. Most popular is the October 62.50 call, followed closely by the 60 call from the same monthly series.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.