MMM 3M Company 141K Calls, $200 Strike Price, Expiring Sept. 16!

I don`t know if you monitored the Option Chain last Friday.
I always do that for my clients and I was shocked to see for MMM 3M Company 141K Calls with $200 Strike Price, Expiring Sept. 16!
On Thursday we had 70K calls, same expiration date and strike price.

It has to do something with 3M's Healthcare Spinoff which sees Roadblock from Veterans, which sued the company to block its planned spinoff of the healthcare business.

I bet the call options buyers are thinking that the spinoff will be approved in court by September 16.

The stock is one of the Dividend Kings, the company has increased its dividend for 65 years and the Forward Dividend & Yield id 5.96 (4.90%).

At this oversold level, with the RSI at 22, i wouldn`t be surprised to see at least a technical bounce to $130, if not even higher.

Looking forward to read your opinion about it!