3M (MMM) Offering Possible 17.1% Return Over the Next 19 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $150.00 short put and a strike $145.00 long put offers a potential 17.1% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 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 $145.00 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

IACP and 3M Name 2014 Honorees of the Looking Beyond the License Plate Award
Mon, 03 Nov 2014 20:18:00 GMT
Business Wire – The International Association of Chiefs of Police , Highway Safety Committee , in cooperation with 3M’s Traffic Safety and Security Division, this week announced the honorees of the 2014 Looking Beyond the License Plate award at the Highway Safety Awards breakfast during the IACP Annual Conference.

3M Health Care Announces Assignment of HCPCS Codes for 3M Coban 2 Layer Lite Compression System
Mon, 03 Nov 2014 14:38:33 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 3, 2014– 3M Critical & Chronic Care Solutions Division announced today that the Centers for Medicare and Medicaid Services (CMS) has assigned product-specific Healthcare …

3M Health Care Announces Assignment of HCPCS Codes for 3M Coban 2 Layer Lite Compression System
Mon, 03 Nov 2014 14:03:00 GMT
Business Wire – 3M Critical & Chronic Care Solutions Division announced today that the Centers for Medicare and Medicaid Services has assigned product-specific Healthcare Common Procedure Coding System codes for the 3M™ Coban™ 2 Layer Lite Compression System .

10-Q for 3M Co.
Sun, 02 Nov 2014 00:07:36 GMT

Cramer: Stop ignoring rally
Fri, 31 Oct 2014 13:01:00 GMT

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