🎯 $3M Company (MMM) Options Strategy: Bull Call Spread (Debit Spread)

DailyOptions999
06-25

$3M(MMM)$

- Underlying: MMM

- View: Cautious Optimism (Bullish breakout potential above $168, but RSI overbought suggests near-term consolidation risk).

- Strategy Type: Debit Spread / Directional Bullish

- Option Contract Portfolio:

- Buy 1 MMM 2026-07-02 $167.5 Call @ $2.23 (Mid Price)

- Sell 1 MMM 2026-07-02 $172.5 Call @ $0.73 (Mid Price)

- Max Gain & Loss: Max Gain = $3.00 ($5.00 spread width - $2.00 net debit). Max Loss = $2.00 (Net Debit Paid).

- Initial Cost/Credit: Net Debit of ~$2.00 per spread.

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