Option Update: 3M Company volatility flat into Merrill downgrade


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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Last updated: February 13, 2012: 02:45 PM

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