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3M call volume above normal and directionally bullish

Bullish option flow detected in 3M (MMM) with 6,410 calls trading, 2x expected, and implied vol increasing over 2 points to 23.20%. Dec-25 167.5 calls and Jan-26 175 puts are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.40. Earnings are expected on January 20th.

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