3M (MMM) Offering Possible 13.51% Return Over the Next 37 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 13.51% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $8.81 would be incurred if the stock dropped below the $130.00 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 38.26 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 Library Systems Receives Payment Application Data Security Standard Validation
Thu, 14 Aug 2014 19:25:05 GMT
noodls – Enhanced security for fines and fees collection with PA-DSS validation ST. PAUL, Minn.–(BUSINESS WIRE)–Aug. 14, 2014– Today 3M Library Systems sets the library industry security standard by becoming …

3M Library Systems Receives Payment Application Data Security Standard Validation
Thu, 14 Aug 2014 15:22:00 GMT
Business Wire – Today 3M Library Systems sets the library industry security standard by becoming Payment Application Data Security Standard validated for fines and fees collection.

Wal-Mart, JC Penney Earnings and 3M is Jim Cramer's New Play
Thu, 14 Aug 2014 11:27:00 GMT

3M to Back Jeff Gordon in a 3-Year Deal with Hendrick Motorsports
Wed, 13 Aug 2014 20:55:02 GMT

3M to Partner with Hendrick Motorsports
Tue, 12 Aug 2014 19:08:00 GMT
noodls – Three-Year Commitment to Kick Off in 2015 with Jeff Gordon CONCORD, N.C. & ST. PAUL, Minn.–(BUSINESS WIRE)–Aug. 12, 2014– 3M will join 11-time Sprint Cup Series champions Hendrick Motorsports beginning …

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