3M (MMM) Offering Possible 10.86% Return Over the Next 7 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $172.50 short put and a strike $167.50 long put offers a potential 10.86% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.50 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $167.50 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 35.83 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

Should You Think About Buying 3M Company (NYSE:MMM) Now?
Wed, 08 Dec 2021 13:48:42 +0000
Let's talk about the popular 3M Company ( NYSE:MMM ). The company's shares saw significant share price movement during…

Hedge Funds Are Buying 3M Company (MMM)
Wed, 08 Dec 2021 01:26:07 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 867 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

3M (MMM) Stock Sinks As Market Gains: What You Should Know
Tue, 07 Dec 2021 22:45:10 +0000
3M (MMM) closed at $176.55 in the latest trading session, marking a -0.37% move from the prior day.

Listening to Our Communities: The Diverse Voices and Perspectives of 3M's Community Coalition
Tue, 07 Dec 2021 14:02:12 +0000
In early 2020, Garfield Bowen was leading global R&D operations and project management office for one of 3M’s largest divisions when he got a call from the chief human resources officer – a call th…

3M (MMM) Gains As Market Dips: What You Should Know
Wed, 01 Dec 2021 22:45:10 +0000
3M (MMM) closed the most recent trading day at $170.73, moving +0.41% from the previous trading session.

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