Bean options recap from Jon Karmin

 

SX broke through its 200 day moving average early and could not muster any strength the rest of the day.  With macros under water grains did not have a chance.  I believe SX is due for a good break in the next few weeks.  Paper continued to look at downside puts and put spreads in SX.  Vol was moderately higher.  SQ vol 23.5, SU vol 24, SX vol 23.5.  All up .25.

Straddles

SN 1500 14-17

SQ 1420 84-86

SU 1320 107-109

SX 1280 139-141

Fimat Bot 700 Sep 1100/1200 Call spds 91.75-92 db

Bunge Bot 300 Nov 1140 Puts 19

Tenco Sold 1000 Nov 1240 Puts 48-50

Bunge Bot 200 Aug 1350 Puts 14

FC Stone Sold 500 Nov 1300 Straddles 142-142.5

ABN Bot 700 Sep 1330 Calls/ Sold 350 Sep 1260 Calls 14 db

FI Bot 500 Nov 1300 Straddles 142

ABN Sold 200 Nov 1300/1220 Put spds/ Bot 200 Nov 1340 Calls 14 db

Tenco Sold 450 Jul 1500 Puts 7-

Fimat Sold 500 July 1500 Calls 9.25-9.5/ Bot 240 Jul futures 1502

Obrien Sold 400 Jul 1500 Calls 6-9

Obrien Sold 200 Jul 1470 Calls 32.5

FI Bot 200 Jul 1460 Puts 1

Straddles> Nov 1280   138-142

Vols> Jul 19 unch/ Nov 23.5 up .25

 

John Karmin and Jeff Pogonitz Brokerage

Thank you,

Kate Rosenberg