By: Tom Gentile
on February 8th, 2022
A New Opportunity for a Money Calendar Setup With a Start Date for Today
The J. M. Smucker Company (NYSE: SJM)
Interesting at time to see what sector companies are classified as. SJM is classified as a Consumer Defensive. To me that means if the economy is deemed in rough shape and companies may face challenges moving their product; but the good thing about a SJM is people will still NEED their products.
It will be tough for folks to skimp on their favorite coffee, their kids peanut butter and jelly or their pet’s dog food.
I am not saying the economy is in bad shape, but I am showing you SJM has a bullish pattern that and thus a bullish option trade is going to be shown.
Here’s the Money Calendar data, which is the catalyst for the option trade that will follow.
Here is a Call Debit Spread option trades for SJM. This is where one could Buy to Open the Mar 18, 135/140, Call Debit Spread:
Normally, we buy debit spreads with an expiration just past the end date given from Money Calendar.
In this case, and often times when we are in earnings season, these patterns have end dates that are past an earnings announcement date. This one is Past the end date because, there are no weeklies for SJM, otherwise we would have chosen a Feb. options expiry.
Earnings are due out on SJM February 24, Before Market Open. Win, lose or draw, by the close of market the trading day before , Wednesday, February 23 it would be wise to close the trade – I would.
App: Toms Option Tools
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