3M (MMM) Offering Possible 27.55% Return Over the Next 22 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $177.50 short put and a strike $172.50 long put offers a potential 27.55% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $177.50 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $172.50 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 up which suggests that the medium-term momentum for 3M is bullish.

The RSI indicator is at 63.76 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

Inflation will plunge in 2022: Goldman Sachs
Tue, 26 Oct 2021 20:27:24 +0000
Goldman Sachs is out with a somewhat contrarian take on inflation.

3M CEO: inflation keeps increasing
Tue, 26 Oct 2021 18:48:09 +0000
3M Chairman and CEO Mike Roman talks with Yahoo Finance about the company's recovery from the pandemic and weighs in on the hyperinflation debate.

3M ‘seeing inflation in a number of categories,' CEO says
Tue, 26 Oct 2021 15:42:46 +0000
Yahoo Finance's Brian Sozzi talks to 3M CEO Mike Roman about the company's latest earnings report and outlook amid supply chain issues.

3M (MMM) Q3 Earnings and Revenues Beat Estimates, Up Y/Y
Tue, 26 Oct 2021 14:43:02 +0000
3M's (MMM) third-quarter 2021 revenues increase 7.1% year over year on account of impressive performance across its segments.

3M Stock Gains After Q3 Earnings Beat, 2021 Sales Outlook Boost
Tue, 26 Oct 2021 14:03:00 +0000
3M lifted the lower-end of its 2021 sales outlook after stronger-than-expected third quarter earnings powered by a 7.2% jump in safety and industrial sales.

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