Surge in Options Trading for 3M, Target, and Domino’s Pizza

3M Co (Symbol: MMM) Sees Significant Options Activity

Options trading is buzzing today for 3M Co (Symbol: MMM), with a total volume of 27,105 contracts exchanged, equating to around 2.7 million shares. This figure represents 93.4% of MMM’s average daily trading volume from the past month, which is 2.9 million shares. Notably, the $135 strike call option set to expire on January 17, 2025, recorded high activity, hitting 6,811 contracts, or about 681,100 underlying shares. Below is a chart that details MMM’s trading history over the last twelve months, with the highlighted $135 strike option shown in orange:

Target Corp (Symbol: TGT) Options Trading Spikes

Target Corp (Symbol: TGT) is also experiencing robust options trading today, with 40,610 contracts traded, representing approximately 4.1 million underlying shares. This volume accounts for 81.4% of TGT’s average daily trading volume over the past month, which stands at 5.0 million shares. High volume has notably appeared for the $145 strike call option expiring on January 10, 2025, with 12,672 contracts traded, approximately corresponding to 1.3 million underlying shares. Here is a chart illustrating TGT’s trading history for the past year, with the $145 strike highlighted in orange:

Domino’s Pizza Inc. (Symbol: DPZ) Options Volume Shows Increase

Domino’s Pizza Inc. (Symbol: DPZ) also reports notable options trading, with 3,655 contracts exchanged, representing about 365,500 underlying shares. This amount reflects approximately 79% of DPZ’s average daily trading volume of 462,785 shares for the past month. A significant amount of trading activity was recorded for the $370 strike put option with an expiration date of February 21, 2025, where 802 contracts were traded, corresponding to around 80,200 underlying shares. Below is a chart that displays DPZ’s trading performance over the past year, with the $370 strike indicated in orange:

For more details on various expiration dates for options on MMM, TGT, or DPZ, visit StockOptionsChannel.com.

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