TopgOptions

MMM 3M Company Options Ahead of Earnings

Long
TopgOptions Updated   
NYSE:MMM   3M Company
If you haven`t bought MMM here:

Then analyzing the options chain and chart patterns of MMM 3M Company prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $2.93.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.




Trade closed: target reached:
MMM trading at $110.85 after earnings, and the calls are up from $2.93 (when I wrote this article) to $5.90 at the close today (even higher intraday).
A decent 2X gain!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.