Bean Option Recap

We ended the day exactly where we started.  The only problem is there was a USDA report in between.  Those holding premium hoping for a move from the report were punished severely.  Conversely, professional traders saw an opportunity to sell vol and were handsomely rewarded.  SG vol 16.5 down 3, SH vol 16.25 down .875, SK vol 17.125 down .5, SX vol 16.5 down .5.

 

Straddles

 

SG 1280 34-35-5

SH 1280 56-57

SK 1260 88-90

SX 1100 124-125

 

Rand Sold 600 Nov 1100 Puts 64-65.5

FI Bot 300 Mch 1350 Calls 7-7.5

JP Morgan Sold 300 May 1100 Puts 5.5/ Sold 24 May futures 1258

Rosenthal Sold 1100 May 1220 Puts/ Bot 3300 May 1060 puts 20-21 credit

Fimat Sold 500 SDFH 1100 Puts/ Bot 1000 SDFH 1050 Puts 8.5-9 credit

ICAP Bot 300May 1300 Calls 33/ Sold 126 May futures 1265

ABN Sold 1000 Mch 1220 Puts 7.375-7.75

Rand Sold 250 WK2 1300 Calls 9-10

Tenco Sold 250 Nov 1000 Puts 24

Tenco Bot 750 Jul 1140 Puts 18.375

ABN Sold 200 Mch 1290 Straddles 60.5

Macquarie Sold 250 Mch 1240 Puts/Sold 250 Mch 1350 Calls 20.5-21.25 credit

Tenco Bot 300 Mch 1280 Puts 25-25.25

Obrien Bot 300 Mch 1400 Calls 2.75

Rand Bot 1000 wk2 1270 Puts 4

ABN Bot 600 Mch 1280 Straddles 57.75-58.25

Macquarie Sold 900 Mch 1280 straddles 56.5-58.25

Icap Bot 400 May 1300 Calls 30.25/ Sold 160 May futures 1264

Rosenthal Sold 200 May 1160 Puts 12

GFI Bot 500 Nov 1100 Puts 60.5/ Bot 225 Nov futures 1105

ADM Bot 250 Feb 1320 Calls 5-5.25

ABN Bot 500 Feb 1290 Calls 12.75

 

Jon Karmin/Jeff Pogonitz Brokerage