Bean Option Recap

Bean bulls were looking for a bullish number and anything less than that was bearish.  The bull needs to be fed so after a neutral number was released we saw beans break over 20 cents.  There was some good premium buying just before the report but without any fuel from the report sellers hit vol hard.  SH vol 14.75 down .25  SJ vol 14.5  down .375 SK vol 14.75 down .25  SN vol 15.5 down  .375 SX vol 15.75 down .25 all down on the day from up nicely before the report

 

Straddles

 

SH 1320 27.5-28.5

SJ 1310 49-51

SK 1310 69-70

SN 1300 96-98

SX 1120 117-119

 

ABN bought 500 May 1290 straddles sold 500 April 1290 straddles at 18.75 debit

ABN bought 200 May 1320 straddles at 70.75

ICap sold 200 July 1300/1360 call spreads at 22.25 credit

Macquarie sold 1,000 March 1300 puts at 5.25-5.5 and sold 240 March futures at 1325

Tenco sold 250 April 1250 puts at 6

Rosenthal sold 900 May 1320 straddles at 72-72.5

Fimat bought 500 April 1380 calls at 8

ICap bought 350 May 1340 calls sold 350 April 1320 calls at 1 debit

Tenco bought 250 March 1280 puts at 2.625

Bunge bought 500 March 1360 calls sold 500 March 1280 puts at 5.75-5.875 debit and sold 175 March futures at 1338

Morgan sold 400 Nov 1040 puts at 25 and sold 104 Nov futures at 1229

Morgan sold 800 July 1200 puts at 14 sold 160 July futures at 1305

 

Jon Karmin and Jeff Pogonitz Brokerage