NYSE:SJM   J.M. Smucker Company (The) New
Just look at this chart!

If you wanted to get an absolute filthy fill, you'd wait for that touch or break (wave E) to just below 112 then LOAD THE BOAT with Apr 130 calls (currently at $2.60, but you can get them for cheaper)

I see some volume on the 110 12/18 Puts that were bought earlier this month (when price was 117). I def think we're heading down then heading right back up!

The general rule is that triangles take 1/3 of time to hit their target as the duration of their coil. That puts this at around 70 days, or just over two months to hit 140. (Valentines day). If you don't get the fill on 112, play the breakout (and even the retest of the breakout, if you're reading this late after they put out some BS PR about how JAM IS THE COVID FUTURE or some garbage JAM + PEANUTBUTTER partnership.

Stoploss is 107.

This is a great play (albeit a slow mover).