Bean Option Recap

Per yesterday’s comments beans feel a bit heavy.  SK was firm out of the box relative to SN on back but as the day progressed it sank and ended weakest on the board.  Expiration is in two days and I don’t feel any strike is safe.  Recall the SH expiration which we had a 60 cent range during the last session.  Vol was firm. SK vol 17.5 up 1.5, SM vol 19.5 up 1, SN vol 20.5 up 1, SX 21.5 up.5.

Straddles

SK 1410 18-20

SM 1340 62.65

SN1340 88-90

SX 1200 145-148

ADM sold 500 Nov 1240/1200 put spreads at 23 ½ -23 ¾

ADM Bot 700 Nov 1200 Puts 76-77.5

Bunge Sold 200 Short dated Jul 1200 calls 32

ADM Sold 200 July 1360 straddles 87

Tenco bot 200 jul 1380 puts 61/ Bot 116 jul futures 1350

Obrien Bot 400 Jul 1470 9.5-10

JP Morgan Sold 250 Jul 1440 calls 16.5/ Bot 65 Jul futures 1360

JP Morgan sold 500 jul1 460 calls 11/ Bot 95 Jul futures 1350

UBS Bot 2000 Nov 1120 Puts/ sold 1000 Nov 1200 puts 5 db/ Bot 160 Nov futures 1192

Tenco Sold 200 Nov 1460 Calls 11.5

ADM Sold 450 May 1410 calls 9-10

ADM Sold 400 June 1390 Calls/ bot 400 May 1430 calls 11.75 credit

Fimat sold 300 short dated July 1200 calls 31

Tenco bot 700 Jul 1300/1200 put spds 19.5 db

JP Morgan Bot 500 jul 1340 puts 42.5/ Bot 225 Jul futures 1344

JP Morgan Sold 500 Nov 1200 Puts 77.5/ Sold 250 Nov futures 1191

Rosenthal sold 200 Nov 1240 Calls/ bot 200 jul 1360 Calls 15.5 credit

          Jon Karmin, Jeff Pogonitz Brokerage (Bean option brokers)

Thank you,

Kate Rosenberg