tiprankstipranks

3M put volume heavy and directionally bearish

Bearish flow noted in 3M (MMM) with 3,978 puts trading, or 1.0x expected. Most active are Jun-25 145 puts and Jun-25 140 puts, with total volume in those strikes near 730 contracts. The Put/Call Ratio is 1.62, while ATM IV is up nearly 8 points on the day. Earnings are expected on April 22nd.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue