March $80 Call Options on General Mills Show Peak Volatility
The March 20, 2026 $80 call options on General Mills posted the highest implied volatility of all equity options, signaling a large expected share move. Eight analysts have cut fiscal Q2 earnings estimates to $0.79 from $0.83 over the past 60 days.
1. Implied Volatility Spike
On Feb. 23 the March 20, 2026 $80 call options for General Mills reached the highest implied volatility among all equity options, suggesting traders anticipate a significant share price move by that expiration date.
2. Analyst Estimate Cuts
Over the past 60 days eight analysts lowered their fiscal Q2 earnings forecasts for General Mills, driving the consensus estimate down from $0.83 to $0.79 per share as concerns mount over near-term performance.
3. Options Trading Strategy Implications
Elevated implied volatility often attracts premium-selling strategies, with traders selling calls to capture time decay in the event the anticipated large price swing fails to occur before expiration.