Notable Tuesday Option Activity: MMM, TGT, DPZ

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in 3M Co (MMM), where a total volume of 27,105 contracts has been traded thus far today, a contract volume which is representative of approximately 2.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 93.4% of MMM's average daily trading volume over the past month, of 2.9 million shares..