3M (MMM) Offering Possible 8.93% Return Over the Next 30 Calendar Days

3M’s most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $195.00 short put and a strike $185.00 long put offers a potential 8.93% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $9.18 would be incurred if the stock dropped below the $185.00 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 71.15 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

What Investors Should Know as Trade War Muddies Economic Outlook
Mon, 19 Nov 2018 15:30:47 +0000
Another factor impacting the US (SPY) growth outlook is the unfolding of the trade war between the US (SPY) (DIA) and China (FXI). The US has already imposed three rounds of tariffs on Chinese imports covering a total of $250 billion worth of imports, which have been met with tit-for-tat tariffs from China. The latest round of 10% tariffs on $200 billion of Chinese goods could go up to 25% at the beginning of 2019. Moreover, Trump has talked about bringing another $267 billion worth of Chinese imports under tariffs as well. …

3M’s Quarterly Dividend and New Share Repurchase Program
Mon, 19 Nov 2018 14:45:11 +0000
On November 13, 3M announced the key dates for the regular quarterly dividend. To be eligible for the dividend, investors should hold 3M stock as of November 23 in the company’s record. 3M has declared a dividend of $1.36 per share for the fourth quarter.

6 Large Cap Stocks Poised for Big Short-Term Gains
Mon, 19 Nov 2018 13:00:00 +0000
Investors who have suffered major losses this year, such as during the October sell-off, may be engaged in tax loss selling, also called tax loss harvesting, through the rest of 2018. “In a year characterized by volatility and reversals, the next catalyst may be tax loss harvesting,” according to Savita Subramanian, head of U.

Do You Know What 3M Company’s (NYSE:MMM) P/E Ratio Means?
Fri, 16 Nov 2018 18:03:36 +0000
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we’ll show how 3M Company’s (NYSE:MMM) P/E ratio

How Honeywell Stock Has Performed in 2018 So Far
Fri, 16 Nov 2018 14:01:03 +0000
As of November 14, Honeywell (HON) was in the green with a marginal gain of 0.4% on a YTD basis. Honeywell has managed to beat peers General Electric (GE) and 3M (MMM), which have declined by 52.3% and 15.8%, respectively. Honeywell had gained up to 9.7% in the year, but the sell-off in the US market wiped out all the gains.

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