Bullish option flow detected in 3M with 7,855 calls trading, 1.6x expected, and implied vol increasing over 2 points to 24.92%. 6/28 weekly 103 calls and 6/28 weekly 104 calls are the most active options, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 0.40. Earnings are expected on July 30th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MMM:
- Chipotle, McDonald’s initiated: Wall Street’s top analyst calls
- 3M to transfer $2.5B of defined benefit pension obligations to Met Tower Life
- 3M upgraded to Outperform from Peer Perform at Wolfe Research
- Lyft, 3M upgraded: Wall Street’s top analyst calls
- 3M upgraded to Buy at BofA with new CEO focused on operations