3M Offering Possible 5.37% Return Over the Next 22 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 5.37% return on risk over the next 22 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 $0.51 would be kept by the premium seller. The risk of $9.49 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.

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LATEST NEWS for 3M

Dow Today: 3M (MMM) Higher
Fri, 29 Nov 2013 17:00:00 GMT
TheStreet – The Dow component leading the way higher looks to be 3M (NYSE: MMM ), which is sporting a 26-cent gain (+0.2%) bringing the stock to $133.76.

How volatility trader is playing 3M
Fri, 29 Nov 2013 15:38:12 GMT
optionMONSTER – A large trader is looking for a big move in 3M. optionMONSTER's trade scanners detected the purchase of 8,000 December 130 puts for $0.63 and 8,000 December 135 calls for $1.19. Volume was more than triple …

Dow Today: 3M (MMM) Higher
Wed, 27 Nov 2013 19:00:00 GMT
TheStreet – The Dow component leading the way higher looks to be 3M (NYSE: MMM ), which is sporting a 72-cent gain (+0.5%) bringing the stock to $132.86.

Dow Today: 3M (MMM) Higher
Tue, 26 Nov 2013 19:00:00 GMT
TheStreet – The Dow component leading the way higher looks to be 3M (NYSE: MMM ), which is sporting an 86-cent gain (+0.7%) bringing the stock to $132.09.

The 3M Juggernaut
Tue, 26 Nov 2013 18:03:00 GMT
Barrons.com – 3M has had a very good year. The company's earnings are robust, and analysts who follow the company have little disagreement on its earning potential. When 3M (MMM) reports fiscal fourth-quarter earnings on Jan. 30, it is expected to post $1.66 a share. Though the shares seem to be getting swept along by the general excitement about the recovering global economy, 3M faces a more concrete investor-day meeting in mid-December that should energize the stock.

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