Bean Option Recap from Jon Karmin

Beans rallied early  and flushed out the weak shorts and then broke hard and finished the day relatively unchanged.  Vol firmed early as traders realized yesterday’s swing low of 14.6% in SF and 16.5% in SH was overdone.  It settled somewhat firm..  SZ vol 16.5 up 1.25, SF vol 15.5 up .25, SH vol 16.5 up .125.

 

Straddles

 

SZ 1320 26-28

SF 1320 55-57

SH 1300 89-90

 

 

Rosenthal Bot 2200 Jan 1350 Calls 13-14.5

ABN Sold 750 Mch 1280/1200 Put spds 24.25-24.5 credit

Obrien Bot 250 Jan 1300/1250 Put spds / Sold 250 Jan 1350 Calls even

Fimat Bot 4700 Nov 1060/1040 Puts spds 5.125 db

JP Morgan Sold 150 Jan 1300 Calls 35/ Bot 120 Jan futures 1313

 

Jon Karmin and Jeff Pogonitz Brokerage