3M (MMM) Options Chain

NYSE: MMMHealth CareMedical/Dental InstrumentsUSD

159.96-3.62 (-2.21%)

At close: Oct 9, 4:01 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $159.96
Put/call ratio (OI): 0.93
Put/call ratio (volume): 1.59
ATM implied volatility: 28.5%
Expected move: ±$23.40
Open interest (C / P): 15.24K / 14.24K

MMM options summary

The MMM options chain for the January 15, 2027 expiration lists 34 call and 30 put contracts, with 96 days until expiration. Open interest stands at 15,239 calls and 14,240 puts, a put/call ratio of 0.93, which is fairly balanced between calls and puts. At-the-money implied volatility near the $160.00 strike is 28.5%, which implies the market expects a move of about ±$23.40 (14.6%) in 3M stock by expiration.

The most open interest sits at the $185.00 call (2.98K contracts) and the $65.00 put (5.45K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

MMM options chain · January 15, 2027

MMM calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
2	1	189.6%	118.15	102.55	105.25	65.00	0.00	0.25	0.10	74.6%	44	5,445
0	3	252.8%	86.65	107.55	111.60	70.00	0.00	0.18	0.01	66.1%	214	448
1	1	—	72.77	77.85	81.85	75.00	0.00	2.13	0.02	89.9%	259	296
7	5	114.1%	78.44	81.50	86.00	80.00	0.00	0.21	0.04	57.2%	2	52
4	—	—	67.75	63.05	65.60	85.00	0.00	0.37	0.12	56.7%	1	54
7	5	68.6%	79.70	69.30	72.45	90.00	0.01	1.04	0.05	61.6%	1	572
11	5	126.7%	84.85	72.40	76.35	95.00	0.00	0.00	0.13	25.0%	2	0
67	12	118.5%	76.61	67.50	71.50	100.00	0.02	0.95	0.09	51.0%	11	398
0	3	—	76.15	0.00	0.00	105.00	0.00	0.75	0.19	50.5%	23	123
0	1	—	70.12	0.00	0.00	110.00	0.00	0.80	0.20	46.5%	23	126
0	53	—	66.79	0.00	0.00	115.00	0.00	0.95	0.22	43.5%	1	60
56	5	54.8%	47.11	40.60	43.10	120.00	0.00	1.17	0.66	41.0%	1	270
25	1	50.9%	40.60	35.85	38.40	125.00	0.11	0.96	0.55	34.6%	1	777
313	1	44.3%	37.00	31.15	33.20	130.00	0.54	1.23	0.83	32.4%	10	573
126	5	44.1%	33.45	26.75	29.35	135.00	0.80	1.65	1.55	30.5%	10	145
117	2	39.1%	24.03	22.75	24.55	140.00	1.64	2.47	2.16	29.9%	1	847
127	2	35.3%	27.11	18.60	20.10	145.00	2.88	3.20	2.90	27.8%	39	450
1,511	1	31.6%	15.80	15.30	15.80	150.00	4.20	4.65	4.00	27.5%	6	429
186	3	31.9%	12.70	11.90	13.00	155.00	5.90	6.80	6.15	28.0%	5	363
MMM $159.96
689	4	30.6%	10.10	9.35	10.05	160.00	8.10	8.70	8.15	26.4%	10	472
800	19	29.7%	7.30	6.75	7.60	165.00	10.65	12.15	9.65	28.2%	13	659
929	10	29.1%	5.93	4.25	5.65	170.00	13.70	14.70	13.10	25.9%	1	1,106
780	15	28.6%	4.30	3.40	4.10	175.00	16.65	18.25	17.73	25.4%	1	254
824	16	28.4%	3.08	2.42	2.95	180.00	20.20	22.25	19.15	25.4%	2	135
2,981	7	28.3%	1.75	1.62	2.10	185.00	24.30	26.55	20.15	25.4%	13	148
892	227	30.7%	1.82	1.20	1.94	190.00	28.65	31.05	21.90	25.4%	1	16
581	4	29.6%	1.26	0.59	1.23	195.00	26.45	29.05	19.20	—	8	17
1,053	2	29.6%	0.61	0.41	0.87	200.00	30.85	33.05	23.00	—	3	5
711	1	32.1%	0.47	0.02	0.63	210.00	47.95	51.20	31.30	36.7%	1	0
1,922	11	34.3%	0.27	0.00	0.47	220.00	56.95	59.75	71.50	—	1	0
446	1	39.1%	0.10	0.00	0.55	230.00	—	—	—	—	—	—
31	6	47.3%	0.14	0.00	0.95	240.00	—	—	—	—	—	—
19	2	51.2%	0.46	0.00	0.98	250.00	—	—	—	—	—	—
21	11	50.8%	0.31	0.00	0.66	260.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the MMM put/call ratio?

For the January 15, 2027 expiration, the MMM put/call ratio based on open interest is 0.93 (14,240 puts vs 15,239 calls), and 1.59 based on today's volume. A ratio above 1 means more puts than calls.

What is MMM's implied volatility?

At-the-money implied volatility for MMM options expiring January 15, 2027 is about 28.5%, an annualized estimate of how much the market expects 3M stock to move.

How many MMM option expiration dates are there?

MMM has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.