Unusual Put Option Trade in 3M (MMM) Worth $5.3MM

On June 7, 2023 at 15:15:10 ET an unusually large $5,337.00K block of Put contracts in 3M (MMM) was bought, with a strike price of $130.00 / share, expiring in 44 day(s) (on July 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.98 sigma