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General Mills (GIS) volume and volatility spike on renewed takeover chatter

May 4, 2017 10:50 AM EDT

General Mills (NYSE: GIS) May 55, 57.50 and 60 calls are active on total call volume of 15K contracts (5K puts) on renewed takeover chatter. May June call option implied volatility is at 38, June is at 33; compared to its 52-week range of 16 to 25.



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