3M (MMM) Offering Possible 12.61% Return Over the Next 8 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $157.50 short put and a strike $152.50 long put offers a potential 12.61% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $157.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock dropped below the $152.50 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 37.11 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

3M Announces Upcoming Investor Event
Tue, 08 Sep 2020 21:45:00 +0000
3M CEO Mike Roman and 3M CFO Monish Patolawala will take part in the Morgan Stanley Virtual Laguna Conference on Sept. 17, 2020.

3M Co. stock falls Tuesday, still outperforms market
Tue, 08 Sep 2020 20:26:00 +0000
COMPANY CLOSE UPDATES Terrence Horan Shares of 3M Co. MMM slipped 1.57% to $163.17 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 2.

3M Co. stock falls Friday, still outperforms market
Fri, 04 Sep 2020 20:25:00 +0000
COMPANY CLOSE UPDATES Terrence Horan Shares of 3M Co. MMM dropped 0.32% to $165.77 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.

3M Co. stock outperforms competitors on strong trading day
Wed, 02 Sep 2020 20:25:00 +0000
COMPANY CLOSE UPDATES Terrence Horan Shares of 3M Co. MMM rose 2.86% to $169.51 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.

Hedge Funds Are Selling 3M Company (MMM)
Wed, 02 Sep 2020 17:20:34 +0000
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

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