3M (MMM) Offering Possible 10.62% Return Over the Next 17 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $135.00 short put and a strike $125.00 long put offers a potential 10.62% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $9.04 would be incurred if the stock dropped below the $125.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for 3M is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for 3M is bullish.

The RSI indicator is at 67.22 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for 3M

Dow Today: 3M (MMM) Lower
Wed, 02 Apr 2014 16:00:00 GMT

3M Closes Treo Acquisition
Wed, 02 Apr 2014 15:00:22 GMT

3M Cogent MiY Biometric Access Control Readers Integrated with Schneider Electric’s Integrated Security and Building Management Solutions
Wed, 02 Apr 2014 14:48:00 GMT
Business Wire – Schneider Electric’s Andover Continuum™ Integrated Security and Building Management Solutions are now further enhanced with the latest generation of 3M™ Cogent MiY

3M Completes Acquisition of Treo Solutions
Tue, 01 Apr 2014 15:36:00 GMT
Business Wire – 3M announced today that it has completed its acquisition of Treo Solutions, a leading provider of data analytics and business intelligence to healthcare payers and providers. Treo

3 Dividend Stocks for Your IRA
Mon, 31 Mar 2014 22:33:56 GMT

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