Bean option recap from Jon Karmin

Beans traded all over the map today.  We broke early only to rally after the USDA stocks number and then after all the weak shorts had exited we broke again almost to the lows.  Additionally, vol was fluid and traded both sides of unchanged but with the exception of SX it was generally unchanged.  It appeared there was good liquidation in options today and I would guess that open interest went down.  SX vol 23 down 1, SZ vol 21.5 unch, SF vol 20 unch, SH vol 19.5 unch.

 

Straddles

SX 920 44-45

SZ 920 60.5-61.5

SF 920 72-73

SH 940 91-92

 

Obrien Bot 300 Nov 910/930 Call spds 10.25-10.375 db

Rosenthal Bot 300 Nov 900 Puts 18-18.25

JP Morgan Sold 350 Nov 850 Puts/ Sold 350 Nov 950 Calls 14.625 credit/ Bot 37 Nov futures 914

Bunge Bot 300 WK1 920 Calls 13-13.375

Obrien Bot 700 Dec 880 Puts/ Sold 1050 Dec 800 Puts 8.25 db/ Bot 105 Jan futures 930

Rosenthal Sold 500 Mch 980 Puts/ Bot 500 May 900 Puts 36 credit

ADM Sold 700 Nov 900 Straddles 44.5-50

Obrien Bot 500 Dec 850 Puts 9-9.25

Rosenthal Bot 725 Nov 940 Calls 11-11.75

JP Morgan Sold 400 Nov 920 Calls 18.625/ Bot 96 Nov futures 913

Obrien Bot 200 Dec 880 Puts/ Sold 300 Dec 800 Puts 9.125 db

Rosenthal Bot 300 Nov 820 Puts 2-2.625

Rand Sold 200 May 900 Puts 35.5

FI Bot 400 SDFH 1000 Calls 18

Tenco Bot 1000 Dec 890/830 Put spds 10.25 db/ Bot 180 Jan futures 927

Rosenthal Bot 900 Jul 940 Puts 51-52

Obrien Bot 400 Nov 940 Calls 14.75/ Sold 160 Nov futures 927

Tenco Sold 250 Nov 860 Puts/ Sold 250 Nov 980 Calls 8.125 credit

TJM Bot 500 Nov 930/950 Call spds 8.5 db

JP Morgan Bot 400 Nov 920 calls 24/ Sold 220 Nov futures 925

JP Morgan Bot 1200 Nov 960 Calls 6.75/ Sold 264 Nov futures 920

ADM Bot 700 Dec 890/800 Put spds 12.75 db/ Bot 154 Jan futures 928

JP Morgan Sold 250 Jan 960 Calls 19.75-21

Rand Bot 1500 Dec 880/800 Put spds 11.25 db/ Bot 300 Jan futures 924

TLM Bot 700 Nov 900 Puts 17-17.5

Goldenberg Bot 250 Nov 900 Puts/ Sold 250 Nov 940 calls 4 db

TJM Bot 500 Nov15 1200 Calls/ Sold 1000 Nov15 1300 Calls/ Bot 500 Nov15  1400 Calls 2.5 db

 

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

 

Data source: Jon Karmin and Jeff Pogonitz bean option brokers