3M Offering Possible 5.82% Return Over the Next 23 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 5.82% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $9.45 would be incurred if the stock dropped below the $110.00 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 65.82 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

News Summary: 3M 3Q net income rises 6 pct
Thu, 24 Oct 2013 21:55:00 GMT

News Summary: 3M 3Q net income rises 6 pct
Thu, 24 Oct 2013 21:55:00 GMT
AP – POST-IT: 3M Co. said Thursday that its third-quarter net income rose 6 percent, beating Wall Street predictions, as sales and profits grew across most of its businesses. DETAILS: The company which makes …

3M's Growth Engine Is Heating Up
Thu, 24 Oct 2013 21:39:58 GMT
Motley Fool – 3M easily outgrew industrial giants GE and DuPont in the third quarter, showing that its organic growth engine may be heating up.

Stocks end near session highs, S&P 500 above 1750; Apple climbs
Thu, 24 Oct 2013 21:29:17 GMT
CNBC – Stocks recovered the previous day's losses to close higher Thursday, with the S&P 500 regaining its footing above 1,750, as Wall Street cheered a handful of upbeat earnings and encouraging economic data …

Earnings Boost Markets
Thu, 24 Oct 2013 20:53:30 GMT
TheStreet – Solids earnings from market bellwethers helped markets end Thursday's session in the green, despite lackluster US manufacturing data

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