Jun. 16 at 5:27 PM
Trading activity in 3M Co. options surged to 30,137 contracts by 18:10 on Tuesday, according to Bloomberg data, signaling a notable spike in derivatives positioning around the industrial conglomerate. Calls dominated the flow with 28,606 contracts versus just 1,531 puts, pointing to a strongly bullish tilt in intraday sentiment.
The most active strike was the
$170 call expiring on 18 June 2026, which accounted for 25,347 contracts on its own. This stands out against relatively low open interest of 909 contracts at the previous close, suggesting that much of the activity represented fresh positioning rather than the unwinding of existing trades. The concentration in a single long-dated call strike may indicate directional bets on continued upside rather than short-term hedging activity.
3M shares rose 2.38% to around
$162 during the session, moving closer to the heavily traded strike and aligning with the elevated call demand.
$MMM