3M Offering Possible 6.16% Return Over the Next 8 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $127.00 short put and a strike $122.00 long put offers a potential 6.16% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $127.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $122.00 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 Scientist Receives Innovator of the Year Award for Achievements in Optical Science, Leadership in Innovation Processes
Mon, 11 Nov 2013 15:00:00 GMT
Business Wire – Dr. Andy Ouderkirk, Corporate Scientist for 3M’s Electronics Markets Materials Division, has received the 2013 R&D Magazine Innovator of the Year Award. This award honors Ouder

Twitter IPO a “debacle”; $1.6 billion left on the table
Sun, 10 Nov 2013 18:38:00 GMT
MarketWatch – I'm so disappointed with how Twitter's management and bankers have brought this company public today and this IPO that I don't expect that I'll ever invest in Twitter.

3M Awarded Top Honor at 14th Annual TEKNE Awards
Thu, 07 Nov 2013 13:49:08 GMT
noodls – 3M LED Advanced Light selected as category winner ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 7, 2013– 3M, the innovation company that never stops inventing, announced today its 3M™ LED Advanced Light received …

3M Awarded Top Honor at 14th Annual TEKNE Awards
Thu, 07 Nov 2013 13:00:00 GMT
Business Wire – 3M, the innovation company that never stops inventing, announced today its 3M™ LED Advanced Light received the Advanced Manufacturing Award at The Minnesota High Tech Association’s 2013 Tekne Awards.

3M Files Patent Infringement Lawsuits in Germany
Wed, 06 Nov 2013 23:45:57 GMT
Motley Fool – The company wants its day in court against two local companies.

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