$MMM 3M Co. - Long Term Bull Flag, Bullish Options Activity

12 Okt 2020

MMM 3M Co. - Long Term Bull Flag, Bullish Options Activity

3M slowly approaching a break out of a long term bull flag pattern on the weekly chart. Monitor for a close above $171.

Bullish Options Activity:
$5.3 M in $165.00 strike (ITM) Dec'20 calls traded today (18x OI)
3.9M in $170.00 strike (OTM) Dec'20 calls traded today (8x OI)

Medium term target: $182.00 by year-end
Long term target: $220.00 by July'21


Note: This is NOT investment advice.