3M (MMM) Offering Possible 14.68% 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 14.68% 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 $0.64 would be kept by the premium seller. The risk of $4.36 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 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

Deutsche Bank Says Illinois Tool Works Could Become The Next 3M
Fri, 14 Nov 2014 16:53:19 GMT

Affordable Solar Power Could Be Just One 3M Employee Away
Fri, 14 Nov 2014 00:32:53 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 13, 2014– Those who happen to know one of the 40,000 3M workers across North America can now power down their own utility bills using 3M's hefty discount on solar …

Affordable Solar Power Could Be Just One 3M Employee Away
Fri, 14 Nov 2014 00:23:00 GMT
Business Wire – Those who happen to know one of the 40,000 3M workers across North America can now power down their own utility bills using 3M’s hefty discount on solar panels.

3M Receives Top Honors for Continued Investment in Leadership
Thu, 13 Nov 2014 23:54:39 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 13, 2014– There's a reason 3M expects to make thousands of new hires over the next five years, and it has much to do with who is already with the company. … This …

3M Receives Top Honors for Continued Investment in Leadership
Thu, 13 Nov 2014 21:41:00 GMT
Business Wire – There’s a reason 3M expects to make thousands of new hires over the next five years, and it has much to do with who is already with the company.

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