3M (MMM) Offering Possible 8.58% Return Over the Next 25 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $135.00 short put and a strike $125.00 long put offers a potential 8.58% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $9.21 would be incurred if the stock dropped below the $125.00 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 58.55 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

3M Co. Earnings: Will Growth Soar This Quarter?
Tue, 22 Apr 2014 23:33:56 GMT

Will 3M (MMM) Disappoint This Earnings Season?
Tue, 22 Apr 2014 14:50:14 GMT

3M™ High Performance Acrylic Adhesive 200MP Raises Standards Again
Tue, 22 Apr 2014 14:00:00 GMT
Business Wire – With a 30-year history as a reliable workhorse for converters and OEMs, 3M™ High Performance Acrylic Adhesive 200MP is about to get even better. Enhancements to the product’s liner technology are raising the standard of performance for its adhesive family, used in bonding to metal and high surface energy plastics , with improvements in both sustainability and liner technology.

3M Celebrates 10-Year Record of EPA ENERGY STAR Sustained Excellence Award
Tue, 22 Apr 2014 12:50:00 GMT
Business Wire – As environmental concerns and energy efficiency become increasingly top of mind for many people around the world, corporate social responsibility migrates from just a watchword to a strategic initiative for responsible institutions to demonstrate their commitment to these ideals.

Here's what will drive stocks this week
Sun, 20 Apr 2014 20:46:35 GMT

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