3M (MMM) Offering Possible 11.61% Return Over the Next 10 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $140.00 short put and a strike $135.00 long put offers a potential 11.61% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock dropped below the $135.00 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 34.26 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

Morehouse Student Investment Leads to 3M Talent
Thu, 09 Oct 2014 00:45:00 GMT
Business Wire – Ask any college student about their biggest concern and they will likely say it’s finding a job. As baby boomers continue to extend their careers, openings for well-paying and satisfying jobs are hard to come by.

Stocks recover losses, close up nearly 2% on Fed minutes
Wed, 08 Oct 2014 20:09:16 GMT

3M Launches New Lendable eReaders for its Cloud Library
Wed, 08 Oct 2014 13:50:03 GMT

Hewlett-Packard: The last of the megalayoffs
Tue, 07 Oct 2014 20:19:22 GMT

Why far-flung 3M isn't likely to follow in H-P's breakup path
Tue, 07 Oct 2014 18:38:16 GMT

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