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Trade of the Day: 3M (MMM)

Take advantage with in-the-money options


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(NYSE:MMM) has performed exceptionally well in most conditions over the past 20 years. Take out the financial crisis, when almost all stocks fell, and you can see there has been very steady growth in capital appreciation. As I mentioned in an article last week, steady, stodgy names like Johnson & Johnson (NYSE:JNJ) and P&G (NYSE:PG) are actually the ones leading the market, along with biotech names in the NASDAQ like Biogen Idec (NASDAQ:BIIB) and Amgen (NASDAQ:AMGN).

And true to form, this big industrial maker of everything from Post-It Notes to insulation and chemicals, has been trending steadily upward all year.

Recommendation: Buy to open MMM Apr. $100 calls for a $9 target.

InvestorPlace advisor Jon Markman operates the investment firm Markman Capital Insight. He also writes a daily swing trading newsletter, Trader’s Advantage which aims to capture profits of 15% to 40% and often as much at 100% to 200% in less than 90 days. 

Professional traders and hedge funds make huge profits off volatility.  Now, Jon’s service CounterPoint Options levels the playing field with the first service geared towards helping individual traders make steady, consistent profits with the VIX.  Get more information on Trader’s Advantage and CounterPoint Options today.

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