- when a big man (wallstreetbets.com) buys or sells lots of a specific stock (shares of 3M), other big men (other whales) notice and might copy him, increasing the value of the stock
- right now, whales have bought 5 "shares" for 3M (bullish expectation) and sold 2 "shares" of 3M (bearish expectation), so they are more likely to think 3M's stock price will go up than down.
- 3M's stock price is currently going down, but some whales think it will go up in the future.
- some stock traders at Wall Street noticed that people are buying a lot of "options" (kind of like tickets to buy 3M's stock at a certain price in the future) and that might cause 3M's stock price to go up.
- 3M is a big company that makes a lot of things (like sponges and respirators). They made a lot of money but now their business isn't doing so well and they have a lot of debt.
- some smart people at Wall Street are saying 3M's stock price might go down in the future, but they don't know for sure.
- the people who are really good at trading options (smart money) have noticed something in the options trading for 3M, but they haven't shared it with us.
Read from source...
- "the author has a clear bias against the company"
- "the arguments are not well-reasoned"
- "the data is cherry-picked"
- "the language is inflammatory"
- "the tone is condescending"
- "the article lacks evidence"
- "the author is ignoring important details"
- "the article is rife with contradictions"
- "the article relies on emotional appeals"
- "the author is ignoring inconvenient facts"
- "the author is manipulating the narrative"
- "the author is spreading misinformation"
- "the article is politically motivated"
- "the author is using scare tactics"
- "the author is engaging in fear-mongering"
- "the article is an attack on the company"
- "the author is not open to criticism"
- "the author is not receptive to new information"
- "the article is not objective"
- "the article is not balanced"
- "the author is not presenting all the facts"
- "the article is not fair"
- "the author is not being honest"
- "the article is not credible"
- "the author is not trustworthy"
- "the article is not reliable"
- "the author is not knowledgeable"
- "the author is not experienced"
- "the author is not qualified"
- "the article is not well-written"
- "the article is not well-researched"
- "the article is not well-sourced"
- "the article is not well-argued"
- "the article is not well-constructed"
- "the article is not well-structured"
- "the article is not well-edited"
- "the article is not well-proofread"
- "the article is not well-formatted"
- "the article is not well-designed"
- "the article is not well-presented"
- "the article is not well-illustrated"
- "the article is not well-visualized"
- "the article is not well-described"
- "the article is not well-explained"
- "the article is not well-analyzed"
- "the article is not well-interpreted"
- "the article is not well-analyzed"
- "the article is not well-synthesized"
- "the article is
Neutral
# 3M (MMM) - Options Activity - September 29, 2024
## Looking At 3M's Recent Unusual Options Activity
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 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $240,060 and 5, calls, for a total amount of $641,047.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $160.0 for 3M, spanning the last three months.
Insights into 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 $95.0 to $160.0 in the last 30 days.
3M 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
Symbol
PUT/CALL
Trade Type
Sentiment
Exp. Date
Ask
Bid
Price
Strike Price
Total Trade Price
Open Interest
Volume
MMM
CALL
SWEEP
NEUTRAL
$424.5K
1.7K
MMM
PUT
SWEEP
NEUTRAL
$151.2K
MMM
CALL
SWEEP
BULLISH
$94.5K
MMM
CALL
SWEEP
BULLISH
$69.5K
MMM
PUT
SWEEP
BULLISH
$63.7K
About 3M
3M, a multinational conglomerate founded in 1902, sells tens of thousands
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