3M (MMM) Offering Possible 6.61% Return Over the Next 19 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 6.61% return on risk over the next 19 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 $0.62 would be kept by the premium seller. The risk of $9.38 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 46.55 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

ASUS Adopts 3M™ Color Enhancing Technology for ASUS ZENBOOK NX500 Notebook PC
Tue, 03 Jun 2014 12:00:00 GMT
Business Wire – 3M today announced that ASUS, a worldwide top-three consumer notebook vendor, will leverage the 3M™ Quantum Dot Enhancement Film for its new Asus NX500 Notebook PC. Specific

New 3M LED Chip Packaging Substrate Delivers Cost-Effective Alternative to Ceramic
Mon, 02 Jun 2014 18:47:00 GMT
Business Wire – 3M Electronics Materials Solutions Division today announced the launch of its new 3M™ LED Chip Packaging Substrate that provides a cost-effective alternative to ceramic substrates. The new substrate, constructed of copper and polyimide, is able to meet the electrical and thermal performance required of high-power LED chips at a competitive price compared to high performance ceramic substrates.

ScotchBlue Painter’s Tape Makes It Easy to Refresh Your Space for under $100
Mon, 02 Jun 2014 13:47:00 GMT
Business Wire – With the summer entertaining season fast approaching, it’s the perfect time to get a jump start on refreshing your tired looking interior and exterior surfaces. With some inspiration and a little sweat equity, you can give your space a simple and inexpensive makeover.

3M Puts Products on Display for SID Display Week 2014
Mon, 02 Jun 2014 13:29:00 GMT
Business Wire – 3M Electronics is exhibiting industry-leading solutions that are “Designed to Amaze” for the display electronics industry during SID Display Week 2014, taking place June 1-6 in San Diego, CA.

3M Promotes Industry Knowledge Exchange with Free Display Optics 101 Course
Mon, 02 Jun 2014 13:29:00 GMT
Business Wire – Optical physicists from 3M’s Display Materials and Systems Division have a long history of sharing what they learn about the physics of light. For more than eight years, they’ve been offering a free course on the physical properties of light to industry engineers involved in designing the next generation of display technology.

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