bean option recap

Continued bull calendar spreading in beans.  Apparently we are running out of beans.  At a minimum the shorts are being squeezed.  SK broke through the April high of 1419.75 and stops did the rest.  That level is now a pivot point for the near future.  Paper saw this rally as an opportunity to sell SK calls.  SK vol is down to 16%…a very dangerous level to be short naked given the potential daily ranges.  SK expires in 8 days.  Anybody’s guess where we will be then.

Bunge Sold 500 Nov 1260 Calls 53.25-54

Bunge Bot 300 N/X 150 Puts (CSO) 27

FC Stone Bot 200 Sep 1400/1340 Puts spds 48.5 db

Obrien Bot 200 may 1400 Puts 11.25-11.75

ADM  Bot 500 Jul 1360/1300 Puts spds 21.5 db

Bunge Sold 200 June 1350/1250 Put spds 18.5 credit/ Sold 64 Jul futures 1372

Goldenberg Bot 300 may 1400 Puts 10.375-10.75

Tenco bot 500 jul 1380/1320 Put spds/ sold 500 jul 1420 Calls even

FIA Bot 500 Nov 1100 Puts/ sold 500 Nov 1380 calls 2 db/ Bot 212 Nov futures 1218

Bunge Sold 200 Jul 1340/1290 put spds 14.25 credit/ Sold 30 Jul futures 1374

Tenco Bot 500 Jul 1420 Calls 26.5-29

FimatBot 200 nov 1000 Puts/ Sold 400 Nov 900 Puts 3.5 db

ADM Bot 200 may 1400 Puts 5.875

ADM Sold 200 May 1430 calls 14-14.25

Tenco Sold 500 Nov 1200 Puts 60.25/ sold 210 Nov futures 1224

ABN Sold 200 may 1450 Calls 6

GFI Sold 300 May14   1320 Calls 58/ Bot 120 May14  futures 1238

FIA Sold 375 May 1400 Puts 6/ Sold 97 May futures 1424

Straddles> May 1420 29.5-31/ July 1380 87-89/ Nov 1220 143-146

VOLS> May 16 down .5/July 18.5 unch/ Nov 20.5 unch

 

                      Jon Karmin and Jeff Pogonitz bean option brokers