General Mills put volume heavy and directionally bearish

Bearish flow noted in General Mills with 1,616 puts trading, or 4x expected. Most active are Jul-23 80 puts and Jul-23 77.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 4.39, while ATM IV is up over 1 point on the day. Earnings are expected on June 28th.