Bean Option Comment

Bean/corn spreading was dominant factor affecting today’s markets.  The opinion (not shared by me) that corn will lose significant acres to beans is gaining support.  Vol is steady/soft across the board.  SK vol 15.5 down 1, SN 19.5 unchanged, SX vol 21 unchanged.

Straddles

SK 1430 26-27

SN 1380 89-91

SX 1220 144-146

ADM Sold 200 Jul 1400 Calls 37.5-39.5

ABN Bot 200 June 1440/1490 call spds 9.5 db

ABN Bot 200 Jul 1500 Calls 13.5

Bunge Bot 200 Short dated May 1230 Calls 7

GFI Bot 500 Jul 1440 calls 24.5

JP Morgan Sold 500 Jul 1420 Calls 33/ Bot 205 Jul futures 1390

ABN Bot 200 Nov 1200 Puts 62-64

ADM Bot 500 Aug 1320 Puts/ sold 500 jul 1360 Puts 19.25 db

Tenco Sold 200 Jul 1440 Calls 23.5

ADM Sold 300 Nov 1300 calls 41.75-42

ADM Sold 200 June 1440 Calls 12.5

Obrien Sold 300 Jul 1340 Puts 25.5

FIA Bot 750 Jul 1420/1440 Call spds 6.625 db

FC Stone Bot 300 jul 1400 Straddles 92.25

Tenco sold 200 Jul 1380 puts 42.25/ Sold 96 Jul futures 1386

FIA Sold 200 may 1430/1410 Put spds 6.75 credit/ Sold 52 May futures 1431

Rosenthal Bot 200 may 1430 Straddles 26

          Jon Karmin and Jeff Pogonitz Brokerage (bean option brokers)

 

Thank you,

Kate Rosenberg