Bean Option Recap From Jon Karmin

Vol bounced around today but leaked as it became apparent this market was not going anywhere for this session.  Another relatively unchanged day and vol continued to ease off the lofty levels we saw on Monday.  I am still seeing a bit of posturing for another move down but order flow is beginning to indicate that many believe that it may not happen right away.  With one month to go in November options the time curve and decay will accelerate for those holding November puts so we are seeing some rolling out to January and beyond.  October vol 19 down 1, SX vol 20.5 down .5, SZ 19.5 down .5, SF vol 19 dow .25, SH 18.625 down .125.

 

Straddles

SV 940 12.5-13.5

SX 940 44-45

SZ 940 58.5-59.5

SF 940 72.5-74

SH 960 91-92.5

 

I will be out tomorrow so comments will resume on Friday.  Players will still be sent out after the close tomorrow- Jon Karmin

 

JP Morgan Sold 200 Mch 1080 Calls 7.375

JP Morgan Sold 200 May 1080 Calls 12.625

Rand Bot 300 Nov 900 Puts/ Sold 600 Nov 850 Puts 3.25 db

ADM Sold 200 Nov 930 Calls 27.25

JP Morgan Bot 2000 Nov 1000 Calls 3.625-3.75

Obrien Sold 600 Jan 940 /980 Call spds 18.75 credit

Tenco Bot 500 Jul 900 Puts 31.5-32 (sold 1000 Jul 350 Puts 22-22.25)

Obrien Bot 300 N/X CSO 20/70 Call spds 12 db

Rosenthal Sold 250 Nov 930/900 Put spds 9 credit

Obrien Sold 450 Jan 900 Puts/ Bot 900 Jan 860 Puts 7.375 credit

FI Sold 300 Nov 980/940 Put spds 25 credit

EDF Bot 200 Nov 900 Puts/ Sold 400 Nov 850 Puts 3.25 db

ADM Bot 450 Nov 1020/1050 Call spds 1 db

Jefferies Sold 500 Mch 1000 Calls 23.75-24

Obrien Sold 1000 Jan 920 Puts/ Bot 2000 Jan 860 Puts 2.625 credit

Rosenthal Bot 200 Nov 920/900 Put spds 5.375 db

Marex Bot 350 Jul 1000 Calls/ Sold 1050 Jul 1100 Calls 2-3 db

TJM Bot 400 Nov 980 Calls 7.75-8

FI Bot 200 Nov 900 Puts/ Sold 400 Nov 850 Puts 3.25 db

ABN Bot 400 Nov 900 Puts/ Sold 800 Nov 850 Puts 3-3.25 db

FI Bot 2000 Nov 850/840 Put spds .75 db/ Bot 20 Nov futures 937

EDF Sold 200 Dec 940 Calls 34.5

ADM Sold 200 Nov 940 Calls 23.75

DRAX Bot 2500 Jan 940/880 Put spds 18.25-18.375 db/ Bot 500 Jan futures 948

ADM Bot 500 Nov15 1100 Calls/ Sold 500 Nov15 1100 Puts/ Sold 500 Nov15 futures .5 db

Rand Sold 750 Nov 940 Puts 24

JP Morgan Bot 250 Oct 980 Puts 42.25/ Bot 245 Nov futures 938

Obrien Sold 250 Jan 920 Puts./ Sold 250 Jan 960 Calls 54.75 credit

 

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

 

Data source: Jon Karmin and Jeff Pogonitz bean option brokers