3M (MMM) Offering Possible 8.46% Return Over the Next 4 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 8.46% return on risk over the next 4 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 $0.39 would be kept by the premium seller. The risk of $4.61 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 at 76.62 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

What Executives Get Wrong About Changing Company Culture
Fri, 12 Feb 2016 00:00:26 GMT

3M CO Files SEC form 10-K, Annual Report
Thu, 11 Feb 2016 22:23:56 GMT

3M and Schuberth to Collaborate on Next-Generation Helmet Technology
Thu, 11 Feb 2016 14:00:00 GMT
Business Wire – 3M Deutschland GmbH and Schuberth GmbH have joined forces to develop new and improved ballistic head protection systems for military and law enforcement applications. The agreement outlined plans to collaborate and create custom solutions for end users in the European market.

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Thu, 11 Feb 2016 13:01:00 GMT

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Wed, 10 Feb 2016 18:30:00 GMT

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