Whales with a lot of money to spend have taken a noticeably bearish stance on 3M.
Looking at options history for 3M MMM we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $560,225 and 2, calls, for a total amount of $122,000.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $135.0 to $165.0 for 3M over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $135.0 to $165.0 in the last 30 days.
3M Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MMM | PUT | TRADE | BEARISH | 05/16/25 | $14.25 | $14.05 | $14.25 | $165.00 | $105.4K | 261 | 331 |
| MMM | PUT | SWEEP | BEARISH | 05/16/25 | $12.3 | $12.25 | $12.3 | $160.00 | $99.6K | 822 | 0 |
| MMM | PUT | TRADE | BEARISH | 05/16/25 | $15.5 | $15.1 | $15.5 | $165.00 | $85.2K | 261 | 253 |
| MMM | PUT | SWEEP | BEARISH | 05/16/25 | $15.5 | $15.45 | $15.5 | $165.00 | $85.2K | 261 | 143 |
| MMM | PUT | TRADE | BULLISH | 05/16/25 | $15.5 | $15.2 | $15.31 | $165.00 | $84.2K | 261 | 198 |
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.
After a thorough review of the options trading surrounding 3M, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is 3M Standing Right Now?
- With a volume of 1,274,433, the price of MMM is down -0.14% at $150.2.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 43 days.
What The Experts Say On 3M
In the last month, 2 experts released ratings on this stock with an average target price of $137.5.
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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. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for 3M, targeting a price of $179.
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