3M Offering Possible 5.93% 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 $125.00 short put and a strike $115.00 long put offers a potential 5.93% 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 $125.00 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $9.44 would be incurred if the stock dropped below the $115.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for 3M is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for 3M is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold 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

3M Finalizes Asian Investments to Support Window Film and 2 Other Dow Movers to Watch
Tue, 05 Nov 2013 21:56:06 GMT
Wall St. Cheat Sheet – These stocks are moving the Dow now.

3 Reasons To Buy 3M
Tue, 05 Nov 2013 21:09:45 GMT
Seeking Alpha – Recently, 3M Company ( MMM ) announced its third quarter results, reporting sales growth of 5.6 % year over year to $7.9 billion. Growth in the industrial segment was the primary reason for this increment …

3M Invests in Asia Pacific Region
Tue, 05 Nov 2013 19:00:03 GMT
Zacks – Diversified conglomerate 3M Company has recently made substantial investments in the Asia-Pacific region to support the film business with the scale-up of world-class manufacturing facilities in China …

3M™ Digital Designs Upgrade Keeps Software a Cut Above Traditional Programs
Tue, 05 Nov 2013 17:05:31 GMT
noodls – Redesigned Interface and Expanded Portfolio Improve Operational Efficiency on Both Sides of the Counter ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 5, 2013– 3M today unveiled its new version of 3M™ Digital …

3M™ Digital Designs Upgrade Keeps Software a Cut Above Traditional Programs
Tue, 05 Nov 2013 16:11:00 GMT
Business Wire – 3M today unveiled its new version of 3M™ Digital Designs pattern cutting software, offering an improved interface along with two unique add-on sales options that enhance operational efficiency on both sides of the counter.

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