Morning bean option comment

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Light volume overnight as less than 1K contracts traded before the break.   Even with the lack of business and minimal fluctuation in the flat price, vol is slightly up across the board.  The back end of the curve has firmed up due to 300 N 1370 puts and 100 X 1300 calls being bought on the screen.  Before the halt, K was up .3 to 16.7%, M up .2 to 17.9%, N up .1 to 18.7%, Q unchanged at 20.4%, U up .1 to 20.7%, X unchanged at 20.5%, F unchanged at 19.6%, H up .1 to 19.6%, K unchanged at 19.3%, and N unchanged at 19.4%.

soybean straddles

K 1410  30 1/2-32                         IV 16.7%

M 1370  62-64                               IV 17.9%

N 1370  86-88 1/2                         IV 18.7%

Q 1320  112 1/2-115 1/2              IV 20.5%

U 1260  122-125 1/2                     IV 20.7%

X 1220  143 1/2-146                      IV 20.6%

F 1220  157-161                            IV19.6%

H 1220  173-178                            IV 19.5%

K 1240  183-189                            IV 19.3%

N 1240  196-204                            IV 19.4%

          Macquarie Trade