Bean Option Recap From Jon Karmin

Very quiet day in beans today. Down nicely in futures but on light volume.  We are following meal but  unless there is a significant flush in meal I see us grinding sideways to lower without much passion.  Additionally, I don’t believe vol can gain any traction unless we get a quick flush and I don’t see that happening before next week’s report.  Vol should trade a little higher and a little lower from today for most of the week.  SZ vol 28.25 down .25, SF vol 25.25 down .25, SH vol 23 down .25, SX15 vol 19.25 down .25.

 

Straddles

 

SZ 1030 53-54

SF 1030 79.5-80.5

SH 1040 104-105

SX15 152-153

 

ICAP bot 200 July 900 puts 20

ABN bot 500 Dec 1000 puts/ sold 750 Dec 950 puts 7.5 db

ABN sold 250 Feb 1100 calls 22.25

Obrien sold 400 Jan 980 puts 18.5

Rosenthal bot 200 Jan 900 straddles 150

Bunge sold 800 Jan bean 1100 calls at 16

Jefferies bot 300 July bean 1000 puts and sold 600 July bean 920 puts at 2 ½ db.

 

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

 

Data source: Jon Karmin and Jeff Pogonitz bean option brokers