3M Unusual Options Activity For June 23
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on 3M (NYSE:MMM) with 80% of detected unusual options trades being bearish. The total amount for puts is $618,205, while calls amount to $57,448. Whales have been targeting a price range of $85 to $120 for 3M over the last 3 months.
June 23, 2023 | 3:54 pm
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A whale has taken a bearish stance on 3M (NYSE:MMM) with 80% of detected unusual options trades being bearish. The total amount for puts is $618,205, while calls amount to $57,448.
The article mentions that a whale has taken a bearish stance on 3M, with 80% of detected unusual options trades being bearish. This indicates that the majority of these trades expect the stock price to go down in the short term. The total amount for puts is significantly higher than calls, which further supports the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100