Bean Option Comment From Jon Karmin

 

Intermarket spreading with corn under pressure and beans higher. We are flipflopping  daily on how much if any acres are being switched between corn and beans.  We should have a more definitive answer with next Monday’s planting progress.  SN beans tested the 200 day moving average and fell off with a late surge.  Watch for it tomorrow around 1432.  Vol was firm.  SM and SN up around .5 at 18.5 and 19.  SX unch at 20.

 

Cunningham bot 200 SX 1200 puts and sold 200 SN 1500c/1300p strangles

45 deb

Fimat sold 2000 short dated SN 1200/1160 calls spreads 27-27.5

ADM bot 400 SX 1180p/1260c combos at even

GFI sold 1750 SN 1500 calls 10-10.5

Tenco sold 400 SN 1340 puts at 8 and bot 64 SN futures at 1424

ADM bot 500 SN 1300 puts 3.75-3 7/8

Bunge sold 200 short dated SU 1260 calls at 31

Bunge sold 250 short dated SN 1200 puts at 19

ABN bot 250 SX 1420 calls at 14 and sold 40 SX futures at 1219

GFI bot 650 SN 1460/1360 put spreads 44

RJO bot 250 SN 1350C/SU 1300 C spreads 42.5-43

Tenco sold 200 1420 puts 30.73 and bot 88 sn futures at 1429

ADM sold 800 July/Nov CSO 250C/170C spreads at 37

RJO bot 300 SM 1390 calls 42.5-43

RJO bot 200 SM 1380 calls 50

Tenco bot 500 SN 1350 puts at 9 and bot 90 SN futures 1429

ABN sold 200 SN 1450C/1330P spreads at 31.75

RJO bot 500 July/ Nov CSO 250C/170P spreads 2-3

 

Jon Karmin/Jeff Pogonitz Brokerage

 

 

 

Thank you,

 

Kate Rosenberg