Good Times Had By All

Licia Leslie

Licia Leslie

Licia Leslie

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

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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