3M (MMM) Offering Possible 14.11% 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 $152.50 short put and a strike $147.00 long put offers a potential 14.11% 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 $152.50 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.82 would be incurred if the stock dropped below the $147.00 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 above 80 which suggests that the stock is in overbought territory.

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's New EMS Caution Tapes to Boost Productivity, Safety
Wed, 05 Nov 2014 23:01:23 GMT

The Thorns, Roses, All Time Highs, and ETF All Time Highs…
Wed, 05 Nov 2014 22:46:38 GMT

3M Hits 52-Week High on Strong Q3 Earnings Beat
Wed, 05 Nov 2014 19:01:38 GMT

3M Awarded Analytics Contract for Rhode Island’s All-Payer Claims Database
Wed, 05 Nov 2014 15:58:44 GMT
noodls – 3M Awarded Analytics Contract for Rhode Island's All-Payer Claims Database SALT LAKE CITY–(BUSINESS WIRE)–Nov. 5, 2014– State governments are leading efforts to transform U.S. healthcare delivery from …

9:59 am 3M awarded analytics contract for Rhode Island's all-payer claims database
Wed, 05 Nov 2014 14:59:00 GMT

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