3M (MMM) Offering Possible 24.07% Return Over the Next 21 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $155.00 short put and a strike $150.00 long put offers a potential 24.07% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock dropped below the $150.00 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 at 75.82 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

HP and 3M Team to Combat Visual Hacking with Innovative Integrated Screen Privacy Solution for PCs
Thu, 29 Oct 2015 17:48:08 GMT
noodls – PALO ALTO, Calif., Oct. 14, 2015 – HP and 3M today announced a collaboration to integrate 3M privacy screens into HP's security-focused, award-winning notebook PCs. … This is an abstract of the original …

3M CO Files SEC form 10-Q, Quarterly Report
Thu, 29 Oct 2015 17:43:55 GMT

Business events scheduled for Thursday
Wed, 28 Oct 2015 17:31:53 GMT

5 Dow Stocks Billionaires Like The Least
Tue, 27 Oct 2015 18:33:52 GMT

3M Co. Earnings Q3, 2015
Mon, 26 Oct 2015 18:00:18 GMT

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