3M (MMM) PriceWatch Alert For 10/30/2009 - Calendar Spread Risk Ranking Declines to 2 Keys
Posted: Friday, October 30, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
3M (NYSE: MMM) closed yesterday at $75.48. So far the stock has hit a 52-week low of $40.87 and 52-week high of $79.25. The proprietary Key Risk Ranking for MMM has declined from a 3 KEY Moderate Relative Risk to a 2 KEY Considerable Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for an optimal calendar spread trade on this underlying stock with a targeted 7.99% return (58.00% annualized for comparison purposes). This ranking looks at many factors related to the stock and associated option contracts. The Key ranking is intended as a guide for investors researching this underlying stock. [FBB-Seven Summits Research]
CLICK HERE: FREE 3M (MMM) Stock ReportSee what our analysts have uncovered about 3M (MMM).