3M (MMM) Offering Possible 5.71% 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 $185.00 short put and a strike $180.00 long put offers a potential 5.71% 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 $185.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $180.00 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 Announces Upcoming Investor Events
Wed, 01 Mar 2017 18:00:00 GMT
Business Wire – 3M today announced the following investor events:

Apple says it spent $50 billion last year with U.S. suppliers
Tue, 28 Feb 2017 19:59:26 GMT

Apple says it spent $50 billion last year with U.S. suppliers
Tue, 28 Feb 2017 19:34:06 GMT

Apple says it spent $50 bln last year with U.S. suppliers
Tue, 28 Feb 2017 19:02:20 GMT
Reuters – Apple spent roughly $50 billion last year at U.S.-based suppliers including 3M and Corning, Chief Executive Tim Cook said on Tuesday, stressing the iPhone-maker's commitment to U.S. manufacturing. Speaking at an annual shareholder meeting, Cook gave the previously undisclosed data at a time when Apple has come under pressure from President Donald Trump for building its iPhones in China. Apple also wants to work with Trump on issues like bringing back its offshore profits at lower tax rates.

5 Key Takeaways From 3M Co.'s Earnings
Tue, 28 Feb 2017 15:41:00 GMT

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