Bean Option Recap From Jon Karmin

Very quiet day before the numbers are released tomorrow.  SX consolidated just below $10 at which level will soon provide decent resistance to any rally.  As traders become used to the $9 handle anything with a 10 in front of it will look like a sale. I’m hearing a lot of chatter hoping for a big move lower tomorrow so it may not happen initially with so many traders leaning that way unless the numbers come in so completely compelling.  Eventually the fundamentals will rule but as is often the case in this game there can be a a few unexpected stops along the way.  Vol was off early and firmed up the last half of the session to close relatively unchanged.  Order flow was light and I saw very little buying which occasionally surfaces before a report. SV vol  22 up .5, SX vol 20.5 unch,  SF vol 19.25 unch,  SH vol 19.25 unch.

 

Straddles

SV 1000 37-38.5

SX 1000 56.5-57.5

SF 1000 82-83.5

SH 1000 103-105

 

Obrien Sold 600 Nov 980/1020 Call spds 19.5-20.25 credit

ICAP Sold 500 Nov 1000 Calls 26.5/ Bot 260 Nov futures 996

Rosenthal Bot 250 Mch 960 puts 32.25

Macquarie Sold 500 May 940 Puts/ Bot 500 May 1120 Calls 9 credit/ Sold 250 May futures 1014

ABN Sold 1000 Nov 1040 Calls 10.625-11.125

Rosenthal Sold 300 Nov 900 Calls 99

ICAP Bot 500 WK2 1000 Calls 10

Macquarie Bot 750 May 1000 Puts 50.25/ Bot 315 May futures 10104

Jefferies Sold WK2  1020 Calls/ Bot 300 Oct 1020 Calls 5.5 db

DRAX Sold 250 Jul 940 Puts/ Bot 250 Jul 1200 Calls 18.75 credit/ Sold 105 Jul futures 1021

Macqaurie Bot 250 Oct 950 Puts/ Sold 250 Oct 1040 Calls .5 db

Jefferies Sold 250 Nov 1000 Straddles 55.5-56

ICAP Sold 500 Nov 1000 Calls/ Bot 500 Oct 1020 Calls 16.75 credit

Marex Sold 500 Nov 1040 Puts/ Bot 1000 Nov 980 Puts 13.25 credit

Jefferies Sold 500 Jan 980 Puts/ Bot 1000 Jan 900 Puts 11.25 credit

Jefferies Sold 250 Nov 1000 Calls 25.5-25.75

ICAP Sold 400 Nov 1000 calls/ Bot 400 Oct 1020 Calls 16.75 credit/ Bot 80 Nov futures 996

FI Bot 500 Oct 1000 Calls 17-17.625

Macquarie Sold 250 Jan 940 Straddles/ Bot 250 Jan 960 Straddles 8 credit

Rand Bot 500 DEC 960 Puts 18.25-18.375

DRAX Bot 375 Jul 1020 Straddles/ Sold 375 Mch 1000 Straddles 20.25 db

JP Morgan Bot 250 May 1320 Calls/ Sold 250 Jul 1320 Calls 1.25 credit

Marex Bot 300 Nov 1000/940 Put spds 21

Marex Bot 200 Nov 1000/940 Put spds / Bot 200 Oct 1020 Calls 30 db

Obrien Sold 1000 Jan 1000/980 Put spds 8.75 credit/ Sold 80 Jan futures 1001

Rosenthal Sold 250 Nov 940 Puts/ Sold 250 Nov 1020 Calls 27.25-27.5 credit

Bunge Bot 1200 WK2 990 Puts 10-11.5

EDF Sold 325 Nov 980 Straddles 58-58.5

 

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

 

Data source: Jon Karmin and Jeff Pogonitz bean option brokers