TopgOptions

SJM The J. M. Smucker Company Options Ahead of Earnings

Long
TopgOptions Updated   
NYSE:SJM   The J.M. Smucker Company
Analyzing the options chain and the chart patterns of SJM The J. M. Smucker Company prior to the earnings report this week,
I would consider purchasing the 140usd strike price in the money Calls with
an expiration date of 2023-9-15,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.



Trade closed: target reached:
SJM traded at $147.49 after earnings. I haven't monitored the options, but considering the premium and the price of the stock, it was at least a 2X on those calls.

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