Bean option recap

Not quit the fireworks we could have had with expiration today.  The open interest in the SK 1430 strike kept us around that level most of the day.  Otherwise, it was a relatively calm day with continued interest in new crop puts.  Open interest in SX and SH puts  has become so large that unless we blow through those strikes in a break I feel vol in the lowest strikes of the purchased puts could get slammed  if SX breaks to the $10 area

ADM Bot 250 June 1300 puts 6.25-8.5

JP Morgan Sold 750 Jul 1440 Calls 19.25/ Bot 210 Jul futures 1370

Rand Bot 400 June 1320 Puts/ bot 400 june 1420 Calls 25.5 db

Rosenthal Sold 200 May 1420 calls 8

Mizuho Bot 300 Jul 1400/1450 call spds 16.75 db

Fimat Bot 2700 Mch 960 Puts 10.75-11.5

Bunge Sold 200 Shortdated july 1220 Calls 29

ADM Sold 400 Nov 1200 Straddles 145

Obrein Sold 450 july 1380 Straddles 87.5-88

FC Stone Bot 500 Nov 1100/ 1000 Put spds 20 db/ Bot 70 Nov futures 1199

Tenco Bot 200 May 1430 Calls 1.5

ADM Bot 200 July 1300 Puts 15.25

Tenco Bot 300 Shortdated July 1150 Puts 15

Straddles> June 1380 59-60/ July 1380 86-87/ Nov 1200 143-145

Vols> June 19 down 1/July 19.5 down 1/ Nov 21 down .5

 

                      Jon Karmin and Jeff Pogonitz Brokerage (bean option brokers)

Thank you,

Kate Rosenberg