Bean option recap from Jon Karmin

Beans were up sharply but as the market eased off of contract highs option sellers came in and showed no mercy.  Vol was up hard early but a steady stream of selling sent it lower for the day.  SV vol 29 down 2, SX 25.5 down 1, SF 22 unch.

 

Straddles

 

SV 1390 70-71

SX 1390 106-108

SF 1380 142-143

 

Mizuho Bot 600 Nov 1280 Calls 135.5/ Sold 490 Nov futures 1400

Mizuho Bot 600 Nov 1320 Calls 104.5-104.75/ Sold 440 Nov futures 1400

Tenco Bot 1000 Nov 1500 Calls/ Sold 200 Nov 1400 straddles 9 db

ADM Bot 200 Nov 1200 Puts 5.5

ABN Sold 500 Nov 1360 Puts 27-27.75/ Sold 185 nov futures 1400

Tenco Sold 500 Nov 1400 calls 55.5/ Bot 250 Nov futures 1399

Macquarie Bot 500 Nov 1500 Calls 23/ Sold 120 Nov futures 1399

ABN Sold 500 Nov 1360 Puts 37.5

Tenco Bot 3000 Nov 1360/1260 Put spds 25 db/ Bot 570 Nov futures 1404.5

Fimat Sold 350 Nov 1340 Straddles 113-114

FC Stone Bot Jan 1340 Puts / Sold 350 Nov 1340 Puts 18 db

GFI Sold 700 Nov 1300 Puts 18.25-18.5/ Sold 350 Nov futures 1388

Obrien Bot 250 Nov 1500 Calls/ Sold 250 Nov 1350 Puts 13.5 credit/ Sold 150 Nov futures 1394

Fimat Bot 200 Mch 1000/1100 Call spds 95.5 db

GFI Sold 600 Nov 1300 Puts 19-20

Morgan Stanley Bot 1500 Jan 1400 Calls/ Sold 1500 Nov 1400 Calls 16-17 db

Rosenthal Bot 300 Oct  1390 Straddles 73.5

GFI Bot 850 Nov 1300 Puts 19.5-20/ Bot 102 Nov futures 1388

GFI Sold 1500 Oct 1300 Puts 7.75-8.25/ Sold 120 Nov futures 1389

Rand Bot 600 Nov 1340 Puts/ Sold 1000 Nov 1270 Puts 5.75 db

ABN  Bot 2000 Nov 130/1250 Put spds 27.5 db/ Bot 480 Nov futures 1380

ABN Bot 200 Oct 1280 Puts 4.875-5

 

Jon Karmin and Jeff Pogonitz Brokerage

 

 

Thank you,

 

Kate Rosenberg