3M Offering Possible 7.99% Return Over the Next 25 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 7.99% return on risk over the next 25 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 $0.74 would be kept by the premium seller. The risk of $9.26 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 66.99 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

3M Announces Upcoming Investor Events
Tue, 22 Oct 2013 23:44:00 GMT
Business Wire – 3M today announced the following investor events:

Can 3M's Innovative Spirit Help It Catch up to General Electric and Johnson & Johnson?
Tue, 22 Oct 2013 22:34:08 GMT
Motley Fool – Conglomerate 3M is famous for its innovations. But can 3M stand up to General Electric's huge innovations as well as competition on the health-care front from Johnson & Johnson?

Leucadia Prices $250M Senior Notes
Tue, 22 Oct 2013 18:20:04 GMT
Zacks – Second of its kind in a week, Leucadia National Corporation (LUK) announced pricing of $250 million worth of senior unsecured fixed rate notes. The notes, due to expire on Oct 23, 2043, has been offered …

DuPont Reports Bright Q3 Profit On Higher Solar Sales
Tue, 22 Oct 2013 15:39:00 GMT
Investor's Business Daily – DuPont Reports Bright Q3 Profit On Higher Solar Sales

Earnings Increase Expected for 3M
Tue, 22 Oct 2013 14:04:00 GMT
Forbes – Analysts expect higher profit for 3M when the company reports its third quarter results on Thursday, October 24, 2013. The consensus estimate is calling for profit of $1.76 a share, reflecting a rise from $1.65 per share a year ago.The consensus estimate hasn't changed over the past month, but it's […]

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