3M Offering Possible 22.55% Return Over the Next 33 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 22.55% return on risk over the next 33 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 $1.84 would be kept by the premium seller. The risk of $8.16 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 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

How 3M Crushed the Dow in 2013
Mon, 18 Nov 2013 21:32:05 GMT
Motley Fool – 3M's gains have far outpaced the Dow even in a good year. Find out why.

[$$] 50,000 Products but 3M Still Searching for Growth
Mon, 18 Nov 2013 20:05:01 GMT
The Wall Street Journal – 3M CEO Inge Thulin discusses how he's trying to get Wall Street excited about the conglomerate—whose products range from high-tech films to dog-poop bags.

Interesting January 2016 Stock Options for 3M
Mon, 18 Nov 2013 17:27:00 GMT
Forbes – Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is 3M Co (NYSE: MMM). So this week we highlight one interesting put contract, and one interesting call contract, from the January 2016 expiration for MMM. The put contract our YieldBoost algorithm identified […]

Ex-Dividend Reminder: CUK, MMM and PRK
Mon, 18 Nov 2013 15:37:00 GMT
Forbes – Looking at the universe of stocks we cover at Dividend Channel, on 11/20/13, Carnival plc (NYSE: CUK), 3M Co (NYSE: MMM), and Park National Corp. (AMEX: PRK) will all trade ex-dividend for their respective upcoming dividends. Carnival plc will pay its quarterly dividend of $0.25 on 12/13/13, 3M Co will […]

3M and Allied Control Debut First-of-Its-Kind Immersion Cooling Data Center at SC13
Mon, 18 Nov 2013 14:01:28 GMT
noodls – Advanced system saves more than 95 percent of cooling electricity and is the most energy-efficient data center in Asia DENVER–(BUSINESS WIRE)–Nov. 18, 2013– SC13, Booth #3728 -3M and Hong-Kong-based …

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