#Earnings $MMM reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Oct. 24, 2019 BO -4.07%
July 25, 2019 BO -0.71%
April 25, 2019 BO -12.94% Biggest DOWN
Jan. 29, 2019 BO +1.94%
Oct. 23, 2018 BO -4.37%
July 24, 2018 BO +0.92%
April 24, 2018 BO -6.83%
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%
Avg (+ or -) 3.88%
Bias -2.02%, negative bias on earnings.
With stock at 177.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 169.30 to 185.70
Based on AVERAGE one-day move over last 12 quarters: 170.62 to 184.38
Based on MAXIMUM one-day move over last 12 Q’s (12.9%): 154.53 to 200.46
Based on UP max only (+5.9%): 187.99
Open to requests for other symbols.