Bean Option Recap From Jon Karmin

From yesterday afternoon …

 

Meal corrected lower but in a very orderly fashion so I don’t believe we are upon the eventual washout.  It will be a significant, brisk, unforgiving ratchet lower when the squeeze is completed.  Bean settled on their lows but as with meal it was relatively benign.  SZ vol 29.5 unch SF vol 26.5 down .25 SH vol 24 down 1 SX15 vol

19.625 down .625

 

Straddles

 

SZ 1030 59.5-61.5

SF 1030 86-87.5

SH 1040 110-113

SX15 1000 154-157

 

Jefferies Sold 500 Mch 1000 Straddles 119-120Goldenberg Bot 200 Jan 1100 Puts 82/ Bot 200 Jan futures 1038

Rand Bot 2000 Jan 1020/ 920 Put spds 26-27 db

FI Bot 1000 Jan 1040/920 Put spds 37 db

ADM Sold 6000Mch 1060 Puts 66.5-67.75/ Sold 3120 Mch futures 1040

TJM Bot 500 Jan 1020 / 1030 Call spds 5.5 db

Macquarie Bot 500 Dec 1000/960 Put spds 5 db

Bunge Bot 4500 Jul 960/920 Put spds 11.25-11.5 db

Rand Bot 500 Jul 940/900 Put spds 10 db

EDF Bot 500 Jan 1000 Puts 28.5/ Bot 155 Jan futures 1037

Tenco bot 1000 Jan 1050 Calls/ Sold 1000 May 1140 Calls 5.5-6.75 db

Goldman Sachs Bot 500 Dec 1000/950 Put spds 10.25 db

Rosenthal Bot 400 Jul 1000/900 Put spds 29-29.5 db

Macquarie Bot 500 Nov15 1000/880 Put spds 45.5 db/ Bot 100 Nov15 futures 1013

DRAX Sold 1000 Dec 980 Puts/ Sold 1000 DEC 1100 Calls 19.75-20 Credit

Jefferies Bot 500 Dec 980/960 Put spds 3.75-4 db/ Bot 33 Jan futures 1033-1037

Rosenthal Bot 500 Jul 980/940 Put spds 12.625 db

ABN Bot 200 Mch 960 Puts/ Sold 200 Mch 1160 Calls 6.25-6.5 db

ADM Bot 400 Jan 940 puts 11.375-12.5

Jefferies Bot 600 Jan 980/940 Put spds 9.25./ Bot 72 Jan futures 1037

ADM Bot 200 May 1080 Calls 50

ADM Bot 200 May 1120 Calls 36.5

ADM Bot 200 May 1140 calls 31

ADM Bot 300 May 1160 Calls 26

JP Morgan Sold 700 DEc 970 Puts/ Sold 700 Dec 1090 Calls 19.75 credit

Obrien Bot 250 Nov 800 Puts 11

Rosenthal Bot 250 N/X CSO calls 23

 

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

 

Data source: Jon Karmin and Jeff Pogonitz bean option brokers