Bearish flow noted in 3M with 11,528 puts trading, or 1.6x expected. Most active are Apr-23 100 puts and Apr-23 90 puts, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 1.65, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MMM:
