4 Trade Ideas for Smuckers: Bonus Idea

  • Posted by on November 9th, 2026 at 7:15 am

Here is your Bonus Idea with links to the full Top Ten:

J.M. Smucker, $SJM, comes into the week with a slight pullback from resistance. The pullback creates a possible cup and handle that, if it triggers above resistance, would give a price objective to 155. It has an RSI in the bullish zone with the MACD positive and climbing. The Bollinger Bands® are open and pointing higher to allow a move. There is resistance at 135 then back to 2023 at 139 and 144 before 148 and 154. Support comes at 130 and 125. Short interest is low at 3.9%. The stock pays a dividend with an annual yield of 3.43% and will trade ex-dividend beginning November 13th.

The company is expected to report earnings next on November 24th. The November options chain shows the biggest open interest at the 90 strike on the put side and on the 125 strike on the call side. In the December chain, open interest is low and just getting started. The January chain shows the biggest open interest at the 100 strike on the put side and then at the 120 and 130 strikes on the call side.

J.M. Smucker, Ticker: $SJM

Trade Idea 1: Buy the stock on a move over 135 with a stop at 129.

Trade Idea 2: Buy the stock on a move over 135 and add a December 130/120 Put Spread ($4.15) while selling the January 150 Call ($1.15).

Trade Idea 3: Buy the November/December 140 Call Calendar ($2.10) while selling the December 120 Put ($1.85).

Trade Idea 4: Buy the January 125/135/150 Call Spread Risk Reversal (85 cents).

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday, which with the midterm elections and non-farm payrolls report in the books, saw equities suffered as a result of high volatility and forced liquidations from distressed funds.

Elsewhere, look for Gold to continue lower in a downtrend with Crude Oil settling into a consolidation after the short term uptrend. The US Dollar Index continues to press against the top of the zone on the verge of an uptrend while US Treasuries peek over a retest of the breakdown levels. The Shanghai Composite continues the downtrend after confirming a long rounding top while Emerging Markets now shift to a downtrend.

The Volatility Index looks to continue in elevated territory, keeping pressure on equities. The chart of the SPY broke and is approaching its long term moving average in the short term while the IWM and QQQ continue their short terms move lower under their long term moving averages. The SPY and QQQ continue to look stronger on the longer timeframe but have dropped below their consolidation ranges threatening a shift to downtrends while the IWM continues in a short term downtrend. Use this information as you prepare for the coming week and trad’em well.