Bean Option Recap

“Real sleeper in beans today.  Market bounced around unchanged all day.  Only activity on the floor was in nearby corn.   There is continued concern about getting that crop in this month.  I still think it is too early but the corn shorts initiated last month are bailing. I am leaving this afternoon to attend my daughter’s  college graduation so comments will resume on Monday.  Have a good weekend.”


Vol in beans was soft as expected.  SM vol 18.75 down .5, SN vol 19.5 down .25, SX vol 21 steady.






SM 1380 51.5-52.5


SN 1380 79.5-80.5


SX 1220 138-140



Shatkin bot 500 July 1360/1300 put spds 19.125 debit and bot 100 July futures 1378

JP Morgan bot 300 July 1400 calls 30.25-30.5

JP Morgan bot 500 July 1240/1200 put sprds at 2.25 debit and bought 20 July futures at 1379

GFI bot 100 July 1360/1300 put spds 20.5

Futures International bought 750 July short dated 1150 puts at 13 and bought 180 Nov futures at 1208



–          John Karmin and Jeff Pogonitz Brokerage (bean option brokers)