3M Options Trading: A Deep Dive into Market Sentiment
Deep-pocketed investors are showing a bullish sentiment towards 3M (MMM), with 53% leaning bullish and 46% bearish based on recent options trading data. Significant options activities were recorded, with a predicted price range of $120.0 to $170.0 over the last three months. Currently, 3M's stock is down by 5.28% at $131.01, with analysts proposing an average target price of $150.0. Barclays and JP Morgan maintain Overweight ratings, targeting $160 and $140 respectively. The next earnings report is due in 12 days.
Deep-pocketed investors have adopted a bullish approach towards 3M MMM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MMM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for 3M. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 53% leaning bullish and 46% bearish. Among these notable options, 12 are puts, totaling $1,016,438, and 3 are calls, amounting to $141,755.
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 $120.0 to $170.0 for 3M over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for 3M's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across 3M's significant trades, within a strike price range of $120.0 to $170.0, over the past month.
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 | 06/20/25 | $15.6 | $15.15 | $15.35 | $145.00 | $116.7K | 870 | 231 |
| MMM | PUT | SWEEP | BULLISH | 06/20/25 | $15.6 | $15.05 | $15.35 | $145.00 | $116.1K | 870 | 154 |
| MMM | PUT | SWEEP | BULLISH | 06/20/25 | $15.65 | $15.15 | $15.15 | $145.00 | $115.4K | 870 | 385 |
| MMM | PUT | SWEEP | BULLISH | 06/20/25 | $15.95 | $14.35 | $14.67 | $145.00 | $111.4K | 870 | 77 |
| MMM | PUT | SWEEP | BULLISH | 06/20/25 | $19.1 | $17.9 | $18.43 | $150.00 | $106.3K | 395 | 0 |
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.
Having examined the options trading patterns of 3M, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of 3M
- With a trading volume of 1,624,002, the price of MMM is down by -5.28%, reaching $131.01.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 12 days from now.
What Analysts Are Saying About 3M
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $150.0.
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