TopgOptions

GIS General Mills Options Ahead of Earnings

Short
TopgOptions Updated   
NYSE:GIS   General Mills, Inc.
If you haven`t bought GIS here:

Then Analyzing the options chain of GIS General Mills prior to the earnings report this week,
I would consider purchasing the 80usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.


Trade closed: target reached:
GIS is currently trading at $76.55 at the time of writing this update.
Puts are trading at $3.90, which is an increase of 2.90X from the time of writing this article.
The position has been closed, regardless of whether it will go lower or not.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.