3M (MMM) Offering Possible 7.99% Return Over the Next 18 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $182.50 short put and a strike $177.50 long put offers a potential 7.99% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $182.50 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $177.50 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 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

Correction: Trump-Manufacturing story
Fri, 24 Feb 2017 18:57:53 GMT

Why Is 3M Company (MMM) Up 5.3% Since the Last Earnings Report?
Fri, 24 Feb 2017 11:09:11 GMT

Dow Jones Leads US Market Indexes Wednesday With Gains From DuPont
Thu, 23 Feb 2017 14:47:12 GMT

Trump to seek jobs advice from firms that offshore U.S. work
Thu, 23 Feb 2017 03:10:45 GMT

Trump to seek jobs advice from firms that offshore U.S. work
Thu, 23 Feb 2017 03:09:17 GMT
Reuters – President Donald Trump, who has vowed to stop U.S. manufacturing from disappearing overseas, will seek job-creation advice on Thursday from at least five companies that are laying off thousands of workers as they shift production abroad. Caterpillar Inc, United Technologies Corp, Dana Inc, 3M Co and General Electric Co, are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records.

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