Bean Option Recap

Beans rallied nicely off the lows to pad the funds’ bean length and their return for the month.  Their will need to be more inflow of money into this market to sustain this rally.  Vol was basically unchanged.  SJ vol 20 unch, SK vol 18.375 unch, SN vol 18 unch, SX vol 16.25 up .125.

 

Straddles

SJ 1410 55-57

SK 1410 81-82.5

SN 1380 110-111

SX 1160 120-123

 

 

ADM Sold 200 April 1420 Calls 18-19

ADM Sold 200 Jul 1320/1220 Put spds 22 credit

ADM Bot 450 Nov 1160 Straddles 118.5-120.5

Rosenthal Bot 250 Mch15  800 puts 2

ADM Sold 400 N/X CSO 200/300 Call spds 29 credit

ICAP Bot 300 Jul 1380 Calls 49/ Sold 150 Jul futures 1369

FC Stone Sold 500 May 1480/1500 Call spds 3 credit

FI Sold  1000 May 1300 Straddles 116.5/ Bot 700 May futures 1400

Bunge Bot 200 May 1340 Puts 15

XFA Sold 900 May 1240/1200 Put spds 1.125 credit

FI Bot 1000 Nov 1400/1500 Call spds 4.375 db/ Sold 50 Nov futures 1162

XFA Sold 350 Sep 1060/1040 Put spds 2-2.125 credit

Obrien Bot 300 WK! 1420/1450 Call spds / Sold 300 WK1 1400 Puts even

 

Jon Karmin and Jeff Pogonitz Brokerage