Bean Option Recap From Jon Karmin

SU all but through in the towel today dragging SX again to another contract low.  Vol was down early but firmed and settled moderately higher.  SX actually rallied back to near unchanged.  I’m finding that whenever beans take a break and stop breaking that the sellers resurface and vol softens.  However, there were new shorts today and some of them were buying SF puts so it appears the shorts are in this for the long haul.  SV vol 20 unch, SX vol 20.625 up, SF vol 19 up .25, SH vol 18.5 up .25

 

Straddles

 

SV 1030 47.5-48.5

SX 1030 68-69

SF 1040 90-91.5

SH 1040 105-107

 

 

Macquarie Bot 500 Nov 1100/1000 Put spds 60.25/ Bot 220 Nov futures 1025

Obrien Bot 750 Jan 980 Puts/ Sold 500 Nov 1040 Puts 11-11.25 credit/

Bunge Sold 1500 Jul 1100 Calls/ Bot 1500 Nov 1100 Calls 32-32.5 credit

ADM Sold 500 Nov 960 Puts 11.875-12.75

JP Morgan Sold 200 Mch 1220 Calls/ bot 400 Mch 1360 Calls 3.25 credit

JP Morgan Sold 200 May 1220 Calls/ Bot 400 May 1360 Calls 5 credit

Rosenthal Bot 300 Nov 102 Puts 32.5

Rosenthal Sold 200 Nov 1060 Puts 54.5-55

JP Morgan Bot 3125 Nov 960 Puts/ Sold 2500 Nov 1040 Puts 111 credit/ Sold 725 Nov futures 1022

ABN Sold 600 Nov 1020/1000 Put spds 10.375 credit

DRAX Sold 2000 Nov 1060 Puts/ Bot 3000 Jan 1000 Puts 7 credit/ Sold 1320 Nov futures 1022/ Bot 1140 Jan futures 1029

EDF Sold 1500 Nov 1080 Calls 11.5/ Bot 360 Nov futures 1022

ICAP Bot 2500 Nov 980/950 Put spds 7.25-7.375 db/ Bot 250 Nov futures 1021.5-1023

ADM Bot 1500 Nov 920 Puts 5.75-5.875/ Bot 180 Nov futures 1022

Rosenthal Bot 500 Nov 980.960 Put spds 5.375 db

Obrien Bot 1500 Nov 920 Puts 6-6.25 db/ Bot 180 Nov futures 1021

Jefferies Sold 400 Nov 1000 Puts 24.5/ Sold 148 Nov futures 1022

ADM Bot 600 Oct 1050 Puts 42-41.5

ADM Sold 200 Mch 1080 Calls 33

ABN Bot 1500 Nov 920 Puts 6.25/ Bot 180 Nov futures 1021

Jefferies Sold 600 Nov 960 Puts 12.75/ Sold 144 Nov futures 1021

Mizuho Bot 300 Oct 1070 Calls / Sold 300 Oct 1000 Puts 9 credit

FI Sold 1500 Nov 1040 Puts/ Bot 3000 Nov 1000 Puts 5.5-6 db/ Sold 300 Nov futures 1021.5

Macquarie Bot 250 Nov 1000/950 Put spds 13.5 db/ Bot 45 Nov futures 1025

FI Sold 500 Nov 1060/1000 Put spds 30.75 credit

GFI Bot 500 Nov15 1200/1300/1400 Call fly 7 db/ Sold 25 Nov15 futures 1033

DRAX Sold 1000 Oct 960 Puts/ Sold 1000 Oct 1060 Calls 15.125-15.5/ Sold 120 Nov futures 1023

Rosenthal Bot 200 WK5 1040 Puts 16

Rosenthal Bot 200 WK5 1040 Calls 4

 

Jon Karmin (JSK)/Jeff Pogonitz (POG) Brokerage

 

Data source: Jon Karmin and Jeff Pogonitz bean option brokers