Bean Option Recap

Some activity in bean options today mainly just after the report and near the close. We had quite a flip flop in futures at 11AM and then consolidated. It normally takes a little time for the market to digest a number so tomorrow should be interesting. With the market near unch we had vol a touch soft across the board. SK vol 16 down .5, SN vol 17.25 down .25, SX vol 20.25 down .75.

Straddles
SK 1400 37.5-38.5
SN 1360 83-85
SX 1240 147-149

ABN Bot 200 Aug 1300 Puts 40
Bunge Bot 300 Shortdated May 1260 Calls 9
JP Morgan Bot 750 Jul 1440 Calls 19/ Sold 210 jul futures 1370
Bunge Sold 200 Shortdated July 1180 Puts 14
ABN Bot 300 N/X 100 Puts (CSO) 19
Rand Bot 1000 May 1300 Puts 1.5
Mizuho Bot 350 may 1400 calls 18.875-19.25
Rosenthal Bot 600 Nov 1460 Calls/ Sold 1200 Nov 1560 Calls 1.5 credit
Rosenthal Bot 500 Nov 1480 Calls/ Sold 1000 Nov 1580 Calls 1.375 credit
FIA Bot 400 May 1360 Puts 7.5/ Bot 96 May futures 1396
ADM Sold 300 Jul 1440 Calls 16.5-17
ADM Sold 500 Jul 1400 calls 29-30.5
ADM Bot 500 May 1350 Puts 5.25-5.75
JP Morgan Sold 350 May 1400 Straddles 38.5-38.75
Tenco Sold 200 Jul 1400 calls 26.5
Bunge Bot 400 June 1350 puts 28
FC Stone Sold 500 nov 1420/1500 Call spds 9 credit
Macquarie Bot 950 May 1360 Puts 7.75-7.875/ Bot 228 May futures 1391
ADM Bot 500 may 1360 puts/ Sold 500 june 1360 Puts 21.25-21.5 credit

Straddles> May 1400 37.5-38.5/ July 1360 83-85/ Nov 1240 147-149
Vols> May 16 down .5/ July 17.25 down .25/ Nov 20.25 down .75

– Jon Karmin and Jeff Pogonitz Brokerage (Bean option brokers)