Bean Option Comment

Beans broke during the overnight session and really never looked back.  Thoughts are again with Chinese cancelations.  There will pre-report posturing next week.  Vol was off slightly today but I anticipate there will be no major drops in vol next week leading into the report.  There were no major events in SJ options expiration today.  SK vol 21.5 down .5, SN vol 21.25 down .5, SX vol 18.5 unch.

 

Straddles

SK 1420 75-77

SN 1380 115-117

SX 1180 132-133.5

 

Players

 

JP Morgan Sold 200 May 1380 Puts/ Bot 200 May 1550 Calls 16.375 credit/ Sold 84 May futures 1417

ADM Sold 200 SDFK 1180 Calls 23-25

JP Morgan Bot 1000 May 1380/320 Put spds 15 db/ Bot 180 May futures 1418

Bunge Bot 1500 Jul 1360 Calls / Sold 2250 Jul 1400 Calls 8 credit

Rosenthal Bot 300 June 1460 Calls 26-26.5

Rosenthal Sold 200 WK4 1410 Straddles 33

FI Bot 700 May 1420 Straddles 78

Rosenthal Bot 1000 May 1300 Puts 5.75-6

JP Morgan Bot 200 April 1420 Calls 1.5

Obrien Bot 1200 Nov 1160 Puts 57.5-59

EDF Sold 1000 Jul 1380 Calls 60.5/ Bot 500 Jul futures 1384

Rosenthal Sold 400 N/X CSO 230 Calls 26

ADM Sold 300 May 1360 Puts 17.75-18.75

 

Jon Karmin and Jeff Pogonitz Brokerage