Whales with a lot of money to spend have taken a noticeably bullish stance on 3M.
Looking at options history for 3M MMM we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $785,606 and 3, calls, for a total amount of $82,041.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $165.0 for 3M over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for 3M's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of 3M's whale trades within a strike price range from $125.0 to $165.0 in the last 30 days.
3M 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MMM | PUT | SWEEP | BULLISH | 05/16/25 | $14.1 | $13.45 | $13.51 | $165.00 | $104.4K | 50 | 528 |
| MMM | PUT | SWEEP | BULLISH | 05/16/25 | $13.8 | $13.45 | $13.53 | $165.00 | $94.8K | 50 | 598 |
| MMM | PUT | SWEEP | BULLISH | 05/16/25 | $13.75 | $13.45 | $13.45 | $165.00 | $94.1K | 50 | 738 |
| MMM | PUT | SWEEP | BULLISH | 05/16/25 | $13.75 | $13.45 | $13.45 | $165.00 | $94.1K | 50 | 668 |
| MMM | PUT | SWEEP | BEARISH | 05/16/25 | $13.95 | $13.95 | $13.95 | $165.00 | $77.1K | 50 | 147 |
About 3M
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
In light of the recent options history for 3M, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of 3M
- Trading volume stands at 2,860,471, with MMM's price down by -0.73%, positioned at $153.99.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 57 days.
What Analysts Are Saying About 3M
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $96.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Underperform with a new price target of $96.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for 3M, Benzinga Pro gives you real-time options trades alerts.
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