A Closer Look at 3M's Options Market Dynamics
3M's options market shows a mixed sentiment with 40% bullish and 40% bearish trades detected. The major price target range is between $100.0 and $165.0. Recent trading volume is 2,090,483, with the stock price at $148.48, up 1.49%. Analysts have set an average price target of $137.5, with one downgrading to $96 and another maintaining a Buy rating at $179. The earnings announcement is expected in 50 days, indicating ongoing interest in 3M's market dynamics.
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 10 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $536,211 and 3, calls, for a total amount of $167,710.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $165.0 for 3M, spanning the last three months.
Analyzing Volume & Open Interest
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 $100.0 to $165.0 in the last 30 days.
3M Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| 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 | $14.8 | $14.6 | $15.0 | $160.00 | $114.9K | 326 | 77 |
| MMM | CALL | TRADE | BEARISH | 11/21/25 | $10.1 | $9.3 | $9.51 | $165.00 | $95.1K | 579 | 100 |
| MMM | PUT | TRADE | BEARISH | 05/16/25 | $11.55 | $11.2 | $11.55 | $155.00 | $88.9K | 834 | 154 |
| MMM | PUT | SWEEP | BEARISH | 05/16/25 | $11.55 | $11.25 | $11.52 | $155.00 | $88.9K | 834 | 231 |
| MMM | PUT | TRADE | NEUTRAL | 05/16/25 | $11.55 | $11.15 | $11.34 | $155.00 | $87.3K | 834 | 77 |
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.
Where Is 3M Standing Right Now?
- Trading volume stands at 2,090,483, with MMM's price up by 1.49%, positioned at $148.48.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 50 days.
What Analysts Are Saying About 3M
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $137.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* An analyst from RBC Capital has revised its rating downward to Underperform, adjusting the price target to $96. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on 3M with a target price of $179.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for 3M with Benzinga Pro for real-time alerts.
