Bean Option Recap 4/15/13

Massive commodity selling today with gold setting the tone.  Improved outlook for planting next week perpetuated the move.  More bull spreading today in corn and beans.  Vol caught a bid as we did see some buying particularly in SN. Additionally, there is continued interest in shorting SX.  Widespread feeling that SX could trade down to $9 or $10 this year.  SK vol 16.5 up 1  SN vol 18.50 up 1.25   SX vol  20.25 up .25

Straddles

SK 1400 33-34

SN 1360 87-89

SX 1220 142-146

Rosenthal Bot 250 Jul 1520/1550 Call spds 2 db

FC Stone Bot 300 Nov 1180/1260 Call spds 37.5 db

Tenco Bot 1000 Jul 1420 calls22.75/ Sold 380 Jul futures 1369

Mizuho Sold 350 May 1440 Calls 6.5

Mizuho Sold 450 May 1450 Calls 4.25

Mizuho Bot 350 May 1400 Calls 24-24.5

Mizuho bot 200 may 1380 Puts 5.125

Bache Bot 700 Jul 1420 Puts 69.75-71

Tenco Sold 300 June 1340 Calls/ Bot 600 June 1420 Calls 21.5 credit/ Sold 300 July futures 1372

Cunningham Bot 800 Nov 1000/900 Put spds 6.5 db

Obrien Sold 300 Nov 1200 Puts 63.25-64

ABN Bot 500 may 1450 Calls 3-3.25

ABN Sold 200 May 1420 Calls 9.5/ Bot 70 May futures 1403

Bunge Bot 500 Jul 1450 Calls 14.5

ADM Sold 200 May 1380N puts 8.25-8.5

Straddles> May 1400 33-34/ July 1360 87-89/ Nov 1220  142-146

Vols> May 16.5 up 1/ July 18.5 up 1.5/ Nov 20.25 up .25

          Jon Karmin /Jeff Pogonitz Brokerage (Bean option brokers)