Posted in
Newsletter
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
Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.
Other times I will have other charts may work to amplify my educational points.
Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.
Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.
Disclaimers
Stock and options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.
This is neither an offer to buy/sell/ or recommend a particular stock or option.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been actually executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with hindsight.
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