3M Offering Possible 13.25% Return Over the Next 11 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 13.25% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $1.17 would be kept by the premium seller. The risk of $8.83 would be incurred if the stock dropped below the $120.00 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 38.44 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

Moody's Upgrades GE Capital's ABS
Tue, 11 Feb 2014 21:20:04 GMT

See the future
Tue, 11 Feb 2014 14:38:00 GMT
MarketWatch – Today's Trader's Deep Thought of the Day — $DJIA is up exactly two and a half times from when I wrote that column. For it to have the same return over the next five years, $DJIA would be at 40,000.

3M Is Performing Where It Matters
Mon, 10 Feb 2014 23:40:44 GMT

Where's the gold and where's the fear?
Mon, 10 Feb 2014 15:39:00 GMT
MarketWatch – Links, comments and a Chart of the Day to put some perspective on why I have been saying there's no fear and no pain in the markets yet, despite the recent and ongoing pullback.

Are Massive Stock Buybacks Signaling a Market Crash?
Sun, 09 Feb 2014 15:44:41 GMT

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