Bean Option Recap 1/29/2014

½9/2014

 

Beans broke through the 200 day moving average today and met little resistance from the put selling and call buying liquidation we saw yesterday.  As is often the case, the market will force out weak positions before they can profit on a trade.  Additionally, vol rebounded after the vol sell-off of the past few days.  Beans closed badly and I sense some complacency in the market as if we will continue to trade in the narrow range of the past month or so.  It would not surprise me if the funds exit their length and actually get short.  This could send beans lower than expected.  SH vol 15 up .25, SK 15.25 up .25, SN vol 16.25 up .5, SX vol 16 firm.

 

Straddles

SH 1270 38.5-39

SK 1260 74-75

SN 1240 100-102

SX 1100 119-120.5

 

 

FI Sold 1250 Mch 1240/1200 Put spds 4.25-4.375 credit

ADM Bot 700 Jul 1240 Puts 46.5

Fimat Bot 300 May 1200/1100 Put spds 12 db

Tenco Bot 300 Mch 1300/1320 Call spds 5-5.5 db

Obrien Sold 400 WK5 1280 Puts 7.5

Obrien Sold 750 Nov 1120 Calls 52.375-52.5/ Bot 360 Nov futures 1103

Obrien Sold 200 WK5 1270 Puts 3

FI Bot 300 May 1320 Calls 16-16.25

JP Morgan Sold 500 Mch 1340 Calls 2.5/ Bot 55 Mch futures 1278

ADM Bot 500 Mch 1360 Calls 1.125

JP Morgan Sold 400 Mch 1260 Puts 11.625-11.75/ Sold 80 Mch futures 1278

ADM Bot 650 May 1160 Puts/ Sold 1300 May 1060 Puts/ bot 650 May 1000 Puts 6-6.25 db

ICAP Bot 200 Mch 1260 Puts 15.75/ Bot 84 Mch futures 1267.5

ABN Bot 200 Mch 1250 Puts 12

ADM Bot 1000 SDFN 1140 Puts 67-68

Bunge Sold 200 SDFN 1140 Calls 26

ICAP Sold 350 Mch 1270 Straddles 38.5-38.75

JP Morgan Sold 800 Nov 1100 Puts 59.75/ Sold 400 Nov futures 1100

ABN Bot 400 Mch 1300 Calls 7.375-7.875

JP Morgan Bot 800 Jul 1200 Puts 32.25-32.375/ Bot 280 Jul futures 1242

JP Morgan Bot 800 Mch 1250 Puts 12

Tenco Bot 250 Nov 1060/1000 Put spds 19.5 db