Bean Option Recap Jon Karmin

Beans consolidated higher.  It does not appear this market is going to flush anytime soon.  There are still too many shorts in the market.  If we were just looking at order flow it feels as if traders are preparing for a break sometime after planting intentions possibly just before.  It is very possible we trade back and forth for the next month or more without any real move.  Vol was all over the place today but ended weak.  SH vol 18.5 down .75, SJ vol 18.5 down .5,  SK vol 19.5 down .5, SN vol 20.25 unchanged,  SX vol 19.5 unchanged

 

Straddles

SH 980 29.5-31

SJ 980 53.5-54.5

SK 980 70.5-72

SN 980  98-100

SX 960 124-126

 

Players

DOWD Bot 500 May 940 Puts 18.75-19.25

Marex Bot 4500 May 800 Puts 1.5

Obrien Sold 250 May 990 Calls/ Bot 500 May 1040 Calls 2.625 credit

Rosenthal Bot 800 March 970/950 Put spds 6.125-6.375 db

EDF Bot 500 March 950 Puts 5/ Bot 105 March futures 980.5

ADM Sold 300 April 1010 Calls 16-16.25

FI Bot 800 July 940 Puts/ Sold 800 July 1100 Calls 13.75-13.875 db/ Bot 432 July futures 990

Obrien Bot 250 May 990 Calls 33.75

Obrien Sold 350 July 940 Puts 28.375/ Sold 112 July futures 990.5

Obrien Bot 500 May 1040 Calls 16.25

Rand Bot 500 May 900 Puts 9.125

FI Sold 350 Nov 940 Puts51.625/ Sold 140 Nov futures 963

XFA Bot 1000 May 800 Puts 1.5

Rand Sold 200 May 920 Puts 12.5-12.875

Goldman Sold 2000 May 960 Puts 24.25-24.5

Obrien Bot 250 March 990 Calls 11/ Sold 100 March futures 981

ABN Bot 300 may 900/850 Put spds 5.25 db

Rosenthal Bot 1200 March 990 Puts 20-21.5

EDF Sold 200 March 960 Puts 7.5-8.5

ABN Sold 500 May 1020 Calls 21

ABN Sold 500 April 1000 Calls 20-20.5

 

 

 

 

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

 

Data source: Jon Karmin and Jeff Pogonitz bean option brokers