3M Company (NYSE: MMM) closed at $79.47 Wednesday.
MMM was downgraded to Neutral from Buy at Merrill Lynch.
MMM overall option implied volatility of 26 near its 26-week average according to Track Data, suggesting non-directional risk.
Volatility Index S&P 500 Options-VIX at 29.84 10-day moving average is 28.43
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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