Bean Option Recap

Beans saw trade on both sides of unchanged today with some pretty good underlying volatility settled without any real direction.  Calendar spreads were firm.  We had one large customer liquidate their long SH 1280 put position keeping the market from any substantial break and completely burying vol.  SH vol 14.375 down 1.125, SK 15 down .375, 15.75 unch., SX 15.75 unch.

 

Straddles

SH 1290 39-39.75

SK 1270 73.5-75

SN 1260 99-101

SX 1100 118-120

 

Rand Bot 1500 Mch 1340 Calls 5-5.25

FI Sold 7800 Mch 1280 Puts 16-18.75

FI Bot 1400 Mch 1300 Calls 14.75-16

Obrien Bot 400 WK5 1280 Puts/ Sold 400 WK5 1300 Calls 1-1.5 db

Rosenthal Bot 500 Mch 1160 Puts .75

Rosenthal Sold 300 N/X CSO 130 Puts 25

JP Morgan Bot 1000 Mch 1330 Calls 6.375/ Sold 230 Mch futures 1288

JP Morgan Bot 500 Jul 1200 Puts/ Bot 500 Jul 1340 Calls 47 db

Bunge Sold 800 Wk5 1260/1250 Put sspds .625 credit/ Sold 47 Mch futures 1287

Rosenthal Bot 1000 Mch 1310 Calls 11.5-11.625/ Sold 210 Mch futures 1290

ABN Bot 200 May 1270 Straddles 75

FI Sold 2000 Mch 1240/1200 Put spds 3.75-3.875 credit

GFI Sold 1000 May 1220 Puts 17.25-17.625/ Sold 280 May futures 1272

Rand Bot 600 Nov 1000 Puts 21.5/ Bot 144 Nov futures 1102

Fimat Sold 400 Mch 1280 Puts 18.5/ Sold 192 Mch futures 1282

 

Jon Karmin and Jeff Pogonitz Brokerage