Hi Shoppers,
General Mills (Ticker: GIS) has had a nice run up since November 15th.
I think it is ready for a pull back because Friday’s candle could be a doji signaling that reversal in trend:
Of course, I will wait for the confirmation Monday morning watching for GIS to trade lower for a while before hopping in.
I like the Dec16 82.50 puts:
I do see some support at $81.60 but I think GIS can trade back down to the 50 day moving average at $78.65.
Thanks for Reading … See You Next Tuesday.
Licia Leslie