Bean Option Comment 4/09/2014

From yesterday afternoon

 

“Beans were very jumpy today both before and after the report.  We had decent pit volume.  With  nothing but weather to trade off of for the next month or so we will be re-focusing attention away from USDA numbers.  Vol was strong early and eased off after the report.  SK vol 18.75 down .625, SM vol 20.375 up.125, SN vol 20.375 up.125, SX vol 19.625 up .125.” – Jon Karmin (JSK) , bean option broker

 

Straddles

 

SK 1500 47-78

SM 1480 83-85

SN 1480 107-108.5

SX 1220 140-142

 

Bache Bot 500 Jul 1420/1360 Put spds 17.5 db

Obrien Sold 200 Nov 1180 Puts 50.5

Fimat Bot 1350 SDFU 1140 Puts/ Sold 2700 SDFU 1040 Puts 12-12.5 db

ADM Bot 200 Nov 1220/1180 Put spds 19.5 db

Macquarie Sold 400 May 1400 Puts 2.375/ Sold 40 May futures 1492

ABN Bot 4000 Jul 1480 calls/ Sold 4000 May 1450 Calls 1.5 credit/ Bot 3000 May futures 1492/ Sold 2000 Jul futures 1470

EDF Bot 750 May 1440 Puts 7-7.25

Cunningham Sold 300 N/X CSO 200/300 Call spds 43 credit

FI Sold 300 Jul 1480 Straddles 108.25

Fimat Bot 1000 Jul 1400 Puts/ Sold 2000 Jul 1300 Puts 12.25-12.5 db

Obrien Bot 250 June 1460 Calls/ Sold 250 Jul 1490 Calls 2.75 db

ADM Bot 200 May 1460 Puts 10.5-10.75

EDF Bot 200 WK2 1480 Puts 8.5

Fimat Sold 350 May 1370 Calls/ Bot 350 May 1400 Calls/ Bot 350 May 1500 Calls 6-6.5 credit

Fimat bot 700 May 1450 Puts 8

GFI Bot 800 June 1500 Calls 38

JP Morgan Sold 1000 Jul 1500 calls 50-50.5/ Bot 480 Jul futures 1490

JP Morgan Sold 2000 Jul 1500 Calls 45/ Bot 920 Jul futures 1480

ADM Bot 500 Nov 1220/1160 Put spds 27.5 db

FI Bot 400 Nov 1200 Puts 59-61

ADM Sold 200 May 1420/1460 Call spds 32-32.75 credit

FI Bot 350 SDFN 1160/1100 Put spds 9.25 db

 

Data sources: Jon Karmin (JSK) and Jeff Pogonitz (POG) Brokerage