3M (MMM) Offering Possible 17.1% Return Over the Next 15 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $247.50 short put and a strike $242.50 long put offers a potential 17.1% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $247.50 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock dropped below the $242.50 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 65.61 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 Increases Its Regular Cash Dividend by 15.8%
Tue, 30 Jan 2018 18:23:31 +0000
On January 25, 2018, 3M (MMM) announced a dividend for 1Q18. MMM increased its regular quarterly cash dividend by 15.8%. 3M has outstanding common shares of 613.4 million, which means MMM will be paying $834.2 million in dividends.

3M Declining, Charts and Indicators Don't Signal Big Trouble Ahead
Tue, 30 Jan 2018 17:01:00 +0000
Is this a serious reversal or will it produce a buying opportunity? Let's look at the charts again.

Analyst Recommendations for American Airlines after 4Q17 Earnings
Tue, 30 Jan 2018 12:34:42 +0000
American Airlines: Key Takeaways from 4Q17 Earnings

Industrials ETFs in Focus on Q4 Earnings
Mon, 29 Jan 2018 21:22:09 +0000
Major Industrials companies report mixed Q4 results.

3M and 3Shape Partner to Advance Digital Workflows for Orthodontics
Mon, 29 Jan 2018 21:00:00 +0000
3M and 3Shape announced their intention to work together to advance the field of orthodontics through digital workflows supporting indirect bonding, clear aligners and other emerging digital orthodontic workflows.

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