#Earnings $MMM reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Bidding for $MMM Apr26/May03 220 #DoubleCalendar for .90. No fill yet.
Jan. 29, 2019 BO +1.94%
Oct. 23, 2018 BO -4.37%
July 24, 2018 BO +0.92%
April 24, 2018 BO -6.83% Biggest DOWN
Jan. 25, 2018 BO +1.88%
Oct. 24, 2017 BO +5.91% Biggest UP
July 25, 2017 BO -5.05%
April 25, 2017 BO +0.46%
Jan. 24, 2017 BO -1.42%
Oct. 25, 2016 BO -2.94%
July 26, 2016 BO -1.09%
April 26, 2016 BO -1.30%
Avg (+ or -) 2.84%
Bias -0.99%, negative bias on earnings.
With stock at 220.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 212.48 to 227.52
Based on AVERAGE move over last 12 quarters: 213.75 to 226.25
Based on MAXIMUM move over last 12 Q’s (6.8%): 204.97 to 235.03
Based on DOWN max only (-5.9%): 204.97
Open to requests for other symbols.