Bean Option Recap

”Beans consolidate today after yesterday’s wild swings.  Informa came out with their bean numbers for next week’s USDA report but the numbers were unsurprising.  We will continue to see pre-report posturing for the rest of the week.  Monday’s report will be one of the most important of the year and we could see a big move in all markets.  At a very least it will set the tone for trade until we begin trading weather this summer.  Vol was soft.  SK vol 21 down .25, SM vol 21 down .375 , SN vol 20.75 .25 , SX vol 18.5 unch.”

 

Straddles

SK 1420 70-72

SM 1400 83.5-85

SN 1400 112-113

SX 1180 131-133

 

ABN Bot 1000 May 1500 Calls / Sold 1000 May 1360 Puts .375-.5 db/ Sold 450 May futures 1425

ADM Bot 1000 WK1 1450 Calls/ Sold 500 May 1450 Calls 7-9 db

ABN Bot 1000 Nov 1100 Puts/ Sold 1000 Nov 1300 Calls .5 db/ Bot 560 Nov futures 1187

Rosenthal Sold 1000 May 1500 Calls 13.25-14

ADM Bot 200 SDFK 1100 Puts 2.5

Rosenthal Bot 1000 SDFN 1100 Puts 11

ADM Bot 800 Jul 1240 Puts 8.5

JP Morgan Bot 200 May 1380/1320 Put spds 13 db

Rosenthal Bot 500 May 1370 Puts 15-15.25

Bunge Sold 400 SDFN 1160 Puts 28

Bunge Sold 300 SDFK 1200 Calls 18

Rosenthal Bot 500 SDFK 1150 Puts 9.5-10

Rosenthal Bot 200 May 1380 Puts 16.75-17/ Bot 60 May futures 1426

Obrien Bot 300 Jul 1460/1560 Call spds / Sold 300 Jul 1340 Puts 17 credit

Fimat Sold 350 SDFK 1220 Calls 11

FI Sold 300 May 1400 Calls / Bot 300 Nov 1200 calls 11 db

Cunningham Bot 200 Nov 1200/1100 Put spds 43 db

 

Jon Karmin and Jeff Pogonitz Brokerage