Income Masters Trade Alert: MMM

Let’s book profits on our 3M (MMM) bull put spread, earning a 5.3% return in seven days, or 278% annualized. While the top leg is 5% out of the money, I do not want to risk an end-of-the-week reversal turning our profit into a position that needs to be managed. Current Stock Price: $100.07 Cash…

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Income Masters Trade Alert: DOW, MMM

The blue-chip Dow Jones Industrial Average is higher today while the S&P 500 and Nasdaq are selling off. This divergence may be a sign that traders are reining in risk, which might not bode well for stocks overall in the short term. We traded two Dow components last week, Dow (DOW) and 3M (MMM). With…

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