Bean Option Recap

Some unwinding of bean/corn spreads today before beans found some strength and moved right up to the last of the moving averages (50 day) before retreating some on the close.  With very little market moving impediments through the end of the year we saw some solid selling of premium.  After Friday’s numbers I don’t see much to move this market substantially in either direction.  SZ vol 16.25 unch, SF vol 15 down 1, SH vol 17.375 unch.

 

Straddles

SZ 1300 28-29

SF 1300 55-56

SH vol 17.375 down .375

 

Macquarie Bot 200 Jul 1180 Puts 383-38.25/ Bot 64 Jul futures 1246

Obrien Sold 450 Jan 1200 Puts 4.5-5

Fimat bot 750 Dec 1200/1240 Call spds 38.5 db

FI Bot 800 Mch 1200 Puts 20.5-21

ADM Bot 600 Dec 1320 Calls 5.125-5.25

ADM Bot 200 Jan 1160 Puts 2

ADM Bot 400 Dec 1340 Calls 2.125-2.25

ADM Sold 300 Mch 1340 Calls 22

GFI Bot 3000 Mch 1200 Puts/ Sold 3000 Jan 1200 Puts 16.5-17 db/ Bot 750 Mch futures 1271/ Sold 300 Jan futures 1291

Cunningham Bot 800 Nov 1200 Calls / Sold 800 Jan 1280 calls 22-25 db

EDF Sold 500 Jan 1200 Puts 3.625-4

FC Stone Bot 500 Dec Corn 440 Calls/ Sold 500 Dec Bean 1260 Puts .375-1.25 db

Cunningham Sold 400 Jan 1260 Puts/ Bot 400 Jan  1360 Calls 6.75 credit/ Sold 200 Jan futures 1295

Cunningham Bot 250 Nov 1200 Calls/ Sold 250 Nov 1100/1000 Put spds 33.5 db

Rand Bot 250 Mch 1340 Calls 24-24.5

ADM Sold 200 Jan 1290 Puts 24-24.25

Rosenthal Bot 400 Jan 1340 Calls 11.75

Rosenthal Bot 300 Mch 1100 Puts 5

Bunge Bot 200 Mch 1220 Puts 24.125/ Bot 58 Mch futures 1278

Bunge Bot 400 May 1300 Calls/ Sold 400 May 1180 Puts 14.25 db/ Sold 281 May futures 1259

Rosenthal Bot 500 dec 1270 Puts 4

ADM Bot 300 Jan 1260 Straddles 67

 

Jon Karmin and Jeff Pogonitz brokerage