3M (MMM) Offering Possible 7.76% Return Over the Next 32 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 $145.00 long put offers a potential 7.76% return on risk over the next 32 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 $0.72 would be kept by the premium seller. The risk of $9.28 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

3M Twin Axial Cable Improves Server Efficiency, Computing
Tue, 18 Nov 2014 22:32:12 GMT

Health Care dominates the Lg Cap All-Time Highs today…
Tue, 18 Nov 2014 21:41:35 GMT

New 3M Water Dealer Sales App Gives Dealers a High-Tech Sales Solution
Tue, 18 Nov 2014 18:11:13 GMT
noodls – App is customized for each dealer, designed to support entire sales cycle ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 18, 2014– 3M Purification Inc. is introducing a new high-tech sales tool for its 3M Authorized …

New 3M Water Dealer Sales App Gives Dealers a High-Tech Sales Solution
Tue, 18 Nov 2014 17:41:00 GMT
Business Wire – 3M Purification Inc. is introducing a new high-tech sales tool for its 3M Authorized Water Dealers—an iPad app packed with functionality. The 3M Water Dealer Sales App helps combine the brand power of 3M with the dealer’s own water quality expertise for a sophisticated, engaging and interactive sales experience.

3M develop “new generation” of sterilising-grade air and gas filters
Tue, 18 Nov 2014 00:00:00 GMT

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