Bean Option Comment

More consolidation today in beans. Nearby/deferred spreading across the floor was the only action of note with nearby gaining everywhere. We now wait for planting and watch the weather. I believe there is another break in the cards but only after we see corn planted in a timely manner and it is pretty cold and wet out there. Vol should remain at these low levels until we break out one way or another.

ADM Sold 300 N/X 100 Puts 12-13 (CSO)
ADM Bot 250 July 1360/1400 Call spds 17.75-18.5 db
FC Stone Bot 250 May 1440/1460 Call spds 2.5 db
FC Stone Bot 200 May 1440/1450 Call spds 1.75 db
GFI Sold 350 Jul 1460 Straddles/ Bot 350 Jul 1380 Straddles 28.5-30.5 credit
FC Stone Sold 700 Nov 1240 Straddles/ Bot 700 Jul 1380 Straddles 61.5-63 credit
JP Morgan Bot 500 Jul 1460 Calls 13.5/ Sold 110 Jul futures 1370
Obrien Bot 200 May 1410/1450 Call spds 10.75 db
Tenco bot 600 Nov 1300/1320 Call spds 5.75 db
Obrien Sold 300 May 1410 Straddles 36.25
Tenco Bot 400 May 1410 Calls/ Sold 400 june 1360 puts 10 credit
Obrien Bot 250 jul 1360 Calls 48
ABN Sold 450 May 1320 Puts/ Bot 900 may 1260 Puts .75-1 credit
Rand Bot 200 may 1450 Calls 3.75

Straddles> May 1400 36.5-37.5/ July 1370 84.5-86/ Nov 1240 145.5-147
Vols> May 15.75 down .25/ July 17.5 up .25/ Nov 20 down .25

– Jon Karmin/Jeff Pogonitz Brokerage (Bean option brokers)