Bean Option Comment

Beans wavered all day and settled basically unchanged.  Vol was under pressure all day and is getting down to levels not seen since Y2K.  Buyers surfaced toward the end of the session to get vol off its lows.  SZ vol 15.25 down .5, SF vol 15.25 up .25, SH vol 16.375 down .375.

 

Straddles

SZ 1320 26-29

SF 1320 55-57

SH 1300 89-90

 

 

Tenco Bot 500 Dec 1260 Puts 1.625

Obrien Bot 350 Jan 1160 Puts 1.125

Bunge Sold 200 Jul 1220 Puts/ Sold 200 July 1340 Calls 78 credit

JP Morgan Bot 500 Jan 1280/1250 Put spds 7.5-7.625 db

GFI Sold 250 Jul 1300 Straddles 129/ Sold 25 Jul futures 1270

Bunge Sold 200 May 1220 Puts/ Sold 200 May 1320 Calls 67 credit

/ Bot 16 May futures 1274

FI Bot 1000 Mch 1200 Puts 13

Macquarie Bot 200 May 1200/1100 Put spds 16.75/ Bot 36 May futures 1280

JP Morgan Bot 200 Mch 1260 Puts 29.625-29.75/ Bot 72 Mch futures 1295

JP Morgan Bot 250 Jan 1240 Puts 5.625

ADM Bot 300 Jan 1310 Calls 27.5/ Sold 156 Jan futures 1311

ADM Bot 1300 Jan 1270 Straddles/ Sold 1300 Jan 1350 Straddles ev-2 db

Bunge Sold 1000 Jul 1360 Calls 30

Bunge Bot 200 May 1220/1100 Put spds 23 db

Rosenthal Sold 200 Jan 1310 Calls 27.75-28

JP Morgan Bot 250 Jan 1260 Puts 9

ADM Bot 1300 jan 1270 Straddles 65-66

Bunge Sold 600 Mch 1200/1180 Put spds 3.125/ Sold 25 Mch futures 1296

Bunge Sold 400 Feb 1230/1210 Put spds 3.75 credit/ Sold 25 Mch futures 1296

GFI Sold 500 Jan 1280 Calls/ Bot 1000 Jan 1340 Calls 15.5 credit

FI Bot 200 Nov 1200 Calls 63/ sold 96 Nov futures 1178

FI Bot 250 Dec 1310 Calls/ Sold 250 Jan 1280 Calls 33 credit

GFI Sold 500 Jan 1280 Calls / Bot 1500 Jan 1340 Calls 3 db

GFI Bot 500 Jan 1340 Calls 17.75-18

Rand Bot 1000 Jan 1300 Puts 20.5/ Bot 400 Jan futures 1317

 

Jon Karmin and Jeff Pogonitz Brokerage