Preheat oven to 350 degrees Cover a baking sheet with parchment paper or a silpat mat. Combine peanut butter and honey in a microwave safe dish- heat in 30 second increments, stirring each time, until thoroughly melted. In a large bowl place oats and peanuts, stir in peanut butter mixture until well coated. This is a great time to bring in a little helper if you haven't already. Spread oat mixture over prepared pan. Add small dollops of jelly over granola. Bake for 10 minutes, stir well. Bake an additional 5 minutes. Allow to cool completely then transfer to an airtight container.