Bean option recap from Jon Karmin

Continued bull calendar spreading as we wait for the all important planting progress this afternoon.  SN traded through resistance of 1463.5 on the close and settled above it.  Technically, I don’t have anything to stand in its way until the February 22nd high of 1483.5.  Above that I see very little resistance.  Meanwhile paper sold at the money calls right into the rally and knocked down July vol.

Rosenthal Sold 200 jul 1420/1500 call spds 34.5 credit

JP Morgan Sold 300 Jul 1450 Straddles 67

ADM Bot 200 Jul 1360 Puts 6.5

Obrien Bot 850 Jul 1440/1400 Put spds 13-15 db

ADM Sold 400 N/X CSO 200 calls 46

Cunningham Bot 500 Jul 1400/1300 Put spds 11.625 db

ADM Bot 200 june 1430 calls 30.75-32.5

Tenco Sold 200 Jul 1460 Puts 35.375/ sold 104 Jul futures 1456

ADM Sold 400 jul 1500 Calls 16.75-17.75

Tenco bot 200 jul 1400 Puts 11.75/ Bot 44 Jul futures 1458

Bache Bot 400 jul 1400 Puts 12.5-12.75

GFI Sold 1000 Jul 1440 Calls 34.25-40

Macquarie Sold 1500 Jul 1460 Calls 25-32.5

GFI Sold 1500 Jul 1500 Calls 12.5-15.5

GFI Sold 200 jul 1460/1380 Put spds 28 credit

ABN Bot 500 jul 1400/1360 Put spds 7.75 db

Goldman Sold 500 jul 1450/1410 Put spds 16.75 credit/ Sold 100 Jul futures 1446.5

FI Sold 500 Aug 1460 Calls 20.25

Tenco bot 400 nov 1100 Puts 19.5

Bunge Sold 500 Jul 1400/1450/1500 Call flys 13 credit

rosenthal Bot 250 june 1470 Calls 7.375-8

Rosenthal Bot 500 June 1480 Calls 6.25

Straddles june 1450 25-27.5/ Jul 1450 61.5-64/ Nov 1220 123-126

VOLS> June 18.5 up .25/ Jul 18 down 1.25/ Nov 19.625 down .375

Jon Karmin and Jeff Pogonitz Brokerage

Thank you,

Kate Rosenberg