General Mills (GIS) option volume builds after David Faber CNBC says no truth to report on bid

General Mills (NYSE: GIS) May 55, 57.50 and 60 calls are active on total call volume of 20K contracts (7K puts) after David Faber of CNBC says no truth to report on bid. May call option implied volatility is at 37, June is at 30; compared to its 52-week range of 16 to 25.

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