Bean option recap

Market coming off yesterday’s pop.  I just can’t get that excited about too much rain.  If we come in next week and the forecast is wet and cool for another 10 days then corn will have some concerns but there is nothing in beans to worry about right now.  Remember yields have not been affected one iota at this moment. Its April.  Vol was under pressure as the market eased.

ADM Bot 200 Jul 1430 Calls 32.25

Bache Bot 400 Nov 1100 Puts/ Sold 400 Nov 1400 Calls 1-3 db

Tenco Bot 500 Nov 1200/1100 Put spds 34.5 db

Fimat Bot 400 Mch 960 Puts 9

FIA Bot 200 Jul 1380 Calls/ Sold 400 Jul 1450 Calls 6.5 db

Bunge Sold 200 N/X 200 calls (CSO) 24

Fimat Bot 200 june 1390 Puts 19.5/ Bot 76 Jul futures 1410

ICAP Bot 500 Nov 1300 Calls/ Sold 500 Jul 1400 calls 2 credit

FIA Bot 400 june 1350/1300 Put spds 5.75 db

Tenco bot 500 Nov 1000/900 Put spds 6 db

ADM Sold 400 Jul 1360/1430 call spds 39-39.5 credit

Fimat Sold 1000 nov 1200/1240 Call spds 19.25 credit

Bache Sold 200 nov 1000 Puts 8.25

Macquarie Bot 500 Jul 1300 puts/ sold 1000 Jul 1260 Puts even

Fimat bot 1500 Sep 1100/1200 Call spds/ sold 1500 Nov 1200/1240 Call spds 59-59.5 db

JP Morgan Sold 250 Nov 1300 calls 44.5

JP Morgan Bot 250 jul 1480 /1500 Call spds 4 db

JP Morgan Sold 300 jul 1480 calls/ Bot 600 Jul 1600 calls 11.5 credit/ Bot 48 jul futures 1415

GFI Sold 250 jul 1360 Calls 64.5-66.25

Rosenthal Bot 400 jul 1360 Puts/ sold 400 Nov 1140 Puts 11-11.25 credit

Straddles June 1400 55-56.5/ Jul 1400 83.5-85

VOLS> 19.25 down .5/ July 19.75 down .5/ Nov 21 down .25

 

John Karmin and Jeff Pogonitz Brokerage

Thank you,

Kate Rosenberg