Bean Option Comment

Significant bull spreading early today in beans with easing mid-session and buying surfacing again late. Overall it was a relatively quiet week in options. With vol easing after the previous week’s swing.. We are in consolidation mode and watching weather for direction.

ABN Bot 400 May 1440 calls 7-9
Tenco Sold 1500 Nov 1300 Calls / Bot 1500 July 1400 Calls 12.25-13.75 credit
ADM Bot 650 May 1440 Calls/ Sold 650 May 1380/1320 Puts spds 1 db
JP Morgan Bot 1000 Nov1 200 Puts 59.5/ Bot 400 Nov futures 1226
JP Morgan Bot 300 May 1420/1440 Call spds 7.75 db
Tenco Sold 600 May 1380 Calls 42-42.5
ABN Bot 500 Nov 1100/1000 Put spds 16.25 db
ADM Sold 250 jul 1400 calls 32.5
Bache Sold 375 May 1400 puts/ Sold 375 May 1420 Calls 26.25 credit/ Bot 18 May futures 1412
ADM Sold 500 Nov 1340 Calls 33.5-34/ Bot 150 nov futures 1226
ABN Sold 300 May 1360 Puts 3-3.5

Straddles> May 1410 34.5-36/ July 1380 85-87/Nov 1240 144-147
Vols> May 15.5 down .25/ July 17 down .5/Nov 20 unch

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