S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:
3M (MMM) closed at $104.59 in the latest trading session, marking a +1.91% move from the prior day.
The market has had a great run in recent months and for those with a lot of bullish exposure, adding bearish option trades can be a good way to hedge some of that exposure. 3M Company was down over 2% Tuesday and closed near the low of the day so could be a nice bearish-trade candidate. 3M stock is still 6 points above the 200-day moving average.