Bean Option Recap

SH traded through the 200 day moving average, hit some stops, and then rallied into the close to settle a few cents above the average.  I see a possible dead cat bounce in the making but with decent rains in SA and Chinese cancelations I don’t think a rally will have any lasting legs.  Any rally should be seen as a selling opportunity.  Vol bounced around a little today buy generally settled weak.  SG vol  17.5 down 1.5 SH vol  15.375 down .375, SK vol  15.5 down .25, SN vol  16 down .5, SX vol  15.875 down .25

 

Straddles

SG 1280 14-16

SH 1280 45-46.5

SK 1260 78-80

SN 1240 101-103

SX 1100 120-121

 

 

Rosenthal Sold 1000 Jul 1300 Calls 30-31.5

Rosenthal Bot 450 Feb 1290/1310 Call spds/ Sold 450 Feb 1270 Puts .5 credit

Obrien Sold 650 Mch 1280 Puts 23.25-26

Fimat Sold 300 Jul 1300 Calls 30.25

ADM Sold 300 Jul 1280 Puts 67.5/ Sold 192 May futures 1264

Obrien Sold 800 Mch 1240 Puts 9

Rosenthal Bot 250 Nov 1160/1120 Put spds 24.125 db/ Bot 25 Nov futures 1110

Bunge Bot 300 SDFH 1080 Puts / Sold 300 SDFH 1150 Calls 3 db

Bunge Bot 300 SDFH 1080 Puts/ Sold 300 SDFH 1140 Calls 1.5-2 db

ADM Bot 200 Mch 1300 Puts 38.75-39

Macquarie Bot 200 April 1220 Puts 16/ Bot 60 May 1250

ABN Bot 1000 Mch 1260 Puts 16.5

JP Morgan Bot 1000 Nov 1120 Calls 55.75-56/ Sold 500 Nov futures 1110

ADM Sold 200 mch 1300 Calls 12.125-12.25

Rosenthal Bot 200 Mch 1300/1340 Call spds 8 db

Rosenthal Bot 1200 Mch15  800 Puts 4

FI Sold 600 Mch 1280 Puts 24.25

FI Sold 200 May 1200 Puts 16-16.5

 

Jon Karmin and Jeff Pogonitz Brokerage