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 21, 2028
Days to expiration: 468
Share price: $159.96
Put/call ratio (OI): 0.60
Put/call ratio (volume): 0.64
ATM implied volatility: 30.0%
Expected move: ±$54.42
Open interest (C / P): 3.41K / 2.03K

MMM options summary

The MMM options chain for the January 21, 2028 expiration lists 33 call and 31 put contracts, with 468 days until expiration. Open interest stands at 3,413 calls and 2,033 puts, a put/call ratio of 0.60, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $160.00 strike is 30.0%, which implies the market expects a move of about ±$54.42 (34.0%) in 3M stock by expiration.

The most open interest sits at the $170.00 call (469 contracts) and the $120.00 put (305 contracts).

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

MMM options chain · January 21, 2028

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
3	1	56.9%	93.35	84.50	89.00	75.00	0.40	1.00	0.55	40.4%	5	14
7	2	54.8%	84.55	81.25	84.50	80.00	0.50	0.99	0.79	37.3%	1	43
0	1	—	71.86	0.00	0.00	85.00	0.58	1.10	1.35	35.2%	2	102
10	1	50.5%	82.65	72.50	75.50	90.00	0.97	1.66	1.35	35.6%	2	45
6	3	48.3%	73.46	68.10	71.00	95.00	1.29	1.94	1.50	34.1%	1	29
28	1	46.5%	65.40	63.25	66.65	100.00	1.71	2.40	2.09	33.3%	3	39
7	1	46.4%	64.70	59.50	63.00	105.00	2.21	2.95	2.20	32.4%	20	38
19	1	45.2%	57.27	55.70	59.00	110.00	2.74	3.55	2.94	31.5%	1	53
0	1	—	70.02	0.00	0.00	115.00	3.50	4.30	3.40	30.7%	5	19
15	2	42.3%	56.95	47.70	51.00	120.00	4.15	5.25	4.40	30.2%	1	305
9	1	41.5%	49.20	43.85	47.45	125.00	4.95	6.15	4.57	29.2%	3	283
12	2	40.6%	46.70	40.30	43.95	130.00	6.15	7.80	5.72	29.5%	1	127
27	2	39.5%	46.40	36.70	40.40	135.00	7.80	9.20	8.50	28.9%	40	64
32	1	37.8%	41.30	33.20	36.65	140.00	8.90	10.25	10.00	27.5%	5	127
269	2	36.0%	34.20	30.00	32.85	145.00	10.90	12.30	11.06	27.5%	27	48
190	3	35.5%	35.05	28.10	30.00	150.00	12.40	13.80	13.30	26.3%	1	149
380	3	35.0%	26.67	24.00	27.30	155.00	14.60	16.05	15.15	26.0%	1	45
MMM $159.96
67	2	34.4%	23.95	23.15	24.75	160.00	16.95	18.50	16.97	25.6%	5	71
178	2	34.1%	27.53	20.80	22.45	165.00	18.60	21.10	17.10	25.2%	4	37
469	403	33.7%	24.91	18.30	20.30	170.00	21.00	24.15	21.00	25.2%	44	105
48	1	33.6%	18.25	15.10	18.50	175.00	23.75	28.00	21.87	26.0%	5	95
126	3	33.8%	16.70	14.25	17.00	180.00	27.70	29.95	25.30	23.8%	1	88
32	2	32.7%	17.96	12.85	14.75	185.00	30.00	34.15	29.60	24.6%	1	17
86	4	32.1%	12.70	10.70	13.00	190.00	25.20	27.25	32.04	—	2	1
88	125	31.7%	11.16	10.15	11.50	195.00	37.50	41.05	37.49	23.2%	125	75
330	1	31.8%	10.00	9.05	10.45	200.00	42.05	44.30	40.00	21.6%	9	11
447	1	31.0%	10.00	6.50	8.05	210.00	0.00	0.00	38.25	—	51	0
237	1	31.1%	7.94	4.80	6.55	220.00	58.50	62.00	54.25	21.4%	1	1
91	2	31.1%	4.45	3.65	5.25	230.00	52.25	55.85	59.44	—	2	1
24	3	30.4%	4.57	2.88	3.95	240.00	67.00	71.50	80.00	—	1	1
28	2	30.2%	4.02	2.20	3.05	250.00	87.50	92.05	71.00	27.3%	2	0
77	1	31.1%	2.45	1.67	2.73	260.00	—	—	—	—	—	—
71	—	30.5%	2.55	1.16	2.03	270.00	—	—	—	—	—	—

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 21, 2028 expiration, the MMM put/call ratio based on open interest is 0.60 (2,033 puts vs 3,413 calls), and 0.64 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 21, 2028 is about 30.0%, 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.