Bean Option Recap From Jon Karmin

Beans ran some shorts out of the market in a fairly active trade and settled in striking distance of recent resistance.  I would not be surprised to see us trade SH above that next week which would put us above $10 but today may also have been the short covering flush and capitulation but it didn’t quite feel like that.  Ultimately, I don’t think beans are any good but it may take longer than most are willing to wait.

 

Bean vols:

March vol 17 up 1 ½

April vol 16 ½ up a ¼

May vol 18 unchanged

July vol 19 ¼ unchanged

Nov vol 19 down a ¼

 

Bean straddles:

March 990 str 19-20 ½

April 990 str 44-45 ½

May 990 str 62 ½ -64

July 1000 str 93-94

Nov 980 str 122 -123 ½

 

Bean option players:

FI Bot 300 May 960 Puts 18

FI Bot 500 May 910 Puts 6-6.5

FI Bot 750 April 910 Puts 2.125-2.375

Obrien Bot 500 May 970 Puts / Sold 1000 May 940 Puts 2.75 credit

Rosenthal Bot 2800 May 960/940 Put spds 5.25-5.625 db

Stern Bot 500 July 840 Puts/ Sold 500 May 840 Puts 3.875 db

Rosenthal Sold 500 Short dated April 960 Straddles 40

DRAX Bot 2000 July 1040 Calls/ Sold 4000 Nov 840 Puts 2-2.375 credit/ Sold 688 Nov futures 970/ Sold 766 July futures 998

Marex Bot 600 March 980/960 put spds 3.875 db

DRAX Sold 300 May 940 Puts/ Sold 300 May 1060 Calls 21.75 credit

Obrien Bot 500 May 970 Puts/ Sold 1000 May 940 Puts 3 credit/ Sold 40 May futures 993.5

Rand Sold 500 May 1040/1000 Put spds 24.875 credit

Rosenthal Bot 250 May 960 puts 17.25

FI Bot 450 May 950 Puts/ Sold 900 May 920 Puts 1 credit

Rand Bot 500 Sep 940 Puts/ Sold 500 Jul 960 Puts 7.75 db

ICAP Bot 250 Jul 960 Puts 29.25

Macquarie Sold 200 May 1000 Straddles 63

JP Morgan Bot 2000 March 1020 Calls 2.5-2.75

Obrien Bot 1000 May 980 Puts/ Sold 1500 May 920 Puts 3.375 db/ Bot 20 May futures 999

Obrien Sold 2000 Nov 860 Puts 18.25-18.75/Sold 400 Nov futures 975

TJM Sold 600 March 1050 Calls.5-.625

FI Bot 200 March 970 Puts 2.75

DRAX Sold 250 April 1000 Calls/ Bot 500 April 10510.25 credit/ Bot 30 May futures 999

FI Bot 700 May 850 Puts 1.625

ADM Sold 200 May 1010 Calls 25

Macquarie Bot 200 May 1000 Straddles 63.25

Obrien Sold 250 Jul 940 Puts 23/Sold 42 Jul futures 998

FI Bot 500 May 1000/1030 Call spds 11.625/ Sold 80 May futures 993

Tenco Bot 500 April 1000/1020 Calls spds 7.625 db

Obrien Bot 400 March 970 Puts 2.375

 

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

 

Data source: Jon Karmin and Jeff Pogonitz bean option brokers