corn options weekly review

corn options weekly review

we have a number on 8/12 


the CME group is opening the Eurodollar open outcry options pit tomorrow. I hope the opening goes well and they devise a plan to open the rest 



8/3



robot 

bought 1000 dec 300/260 put spreads paying 3


sold 500 dec 380 calls @ 2 1/8 covered vs 327


sold 500 dec 370 calls @ 2 3/4 covered vs 328


sold 250 oct 330 puts @ 10 5/8


sold 200 dec 360/330 put spreads @ 22 


bought 1000 oct 340 calls paying 4 5/8 to 4 3/4


bought 500 dec 360 calls paying 3 3/4


bought 500 sept 320 puts vs selling the short sept 320 puts paying 5


bought 800 dec 320 puts vs selling 400 dec 330 puts paying 4 3/4


bought 500 sept 320 puts paying 7 1/2 covered vs 316 3/4



settles 


sept 317 1/2 on 58k

dec 328 1/2 on 83k

march 340 1/4 on 17k

may 348 on 4k

july 353 3/4 on 4300

sept21 356 1/4 on 1800

dec21 362 1/2 on 10k



vols

u320^ 11 1/4-5/8  19.5%

v330^ 18 1/2-7/8  18.5%

x330^ 23-1/2  18.75%

z330^ 26 1/8-1/2  18.25%

h340^ 33 1/2-34 1/4  16.75%



8/4


robot 


bought 2000 sept 305 puts paying 2 to 2 1/4


bought 2000 week 1 310 puts paying 1 1/2 to 1 5/8 covered vs 312 1/2


bought 200 red sept 360/330 put spreads paying 14 1/2 covered vs 354


bought 500 sept 340 calls paying 1/2


bought 400 dec 330/360 call spreads paying 6 3/4


sold 1000 sept 330/320 put spreads from 8 to 8 1/4


bought 500 dec 300 puts paying 3 5/8


bought 2000 sept dec -15 cso puts paying 5/8 to 3/4


bought 500 dec corn/wheat 225 calls paying 8


sold 1000 sept 310 puts from 6 to 6 3/8


bought 250 week 1 305 puts paying 3/4


bought 500 sept 285 puts paying 5/8


sold 500 dec 330/360 call spreads @ 6


bought 500 sept 315 calls paying 3 7/8


bought 500 dec/sept 300 put spreads paying 2 1/2


bought 500 sept 330 calls paying 1


sold 400 sept 310 puts @ 7 5/8 


bought 500 red dec 360 puts vs selling the 400 calls paying 12 3/4 to 13 


on the block 

1000 oct 335 calls trade 4 3/8


settles

sept 308 1/4 on 134k

dec 320 1/4 on 180k

march 332 1/4 on 42k

may 340 1/4 on 11k

july 347 1/4 on 17k

sept21 352 1/2 on 5300

dec21 361 on 15k


vols

u310^ 12-1/4  22.5%

v320^ 18 3/4-19 1/8  20%

x320^ 23-1/2  19.5%

z320^ 26-1/4  18.75%

h330^ 33-3/4  17.25%



8/5



robot 

bought 1000 dec 330/360 call spreads vs selling the 290 puts paying 3 7/8


sold 500 dec 340/320 put spreads from 12 5/8 down to 12 3/8


bought 400 dec 310/300 put spreads paying 3 1/4


sold 500 dec 350 calls @ 4 7/8


sold 150 dec 340/330 put spreads @ 7


sold 700 dec 340 calls @ 6 5/8


 bought 500 week 1 305 puts paying 1/2


bought 500 dec 330 puts vs selling 1000 dec 310 puts paying 2 3/8


sold 500 sept 330 puts @ 21


bought 400 july 21 300 puts vs selling the sept 300 puts paying 1 3/4




on the block 

1500 sept 350 puts trade 40 vs 1500 red dec 330 calls 42 1/2 




settles 

sept 311 on 72k

dec 323 1/4 on 112k

march 335 1/2 on 25k

may 343 3/4 on 5500

july 350 3/4 on 15k

sept21 355 3/4 on 2300

dec21 363 1/4 on 8500



vols


u310^ 11 3/8-5/8 22%

v325^ 19-1/4  19.75%

x325^ 23 3/8-3/4  19.5%

z320^ 26-1/4  18.75%

h340^ 34-3/4  17.25%






informa

2020 U.S. corn yield 179.0 bpa, production 15.036 bln bu

2020 U.S. soybean yield 52.5 bpa, production 4.355 bln bu

2020 U.S. All Wheat yield 50.2 bpa, production 1.843 bln bu



8/6



robot 


sold 250 dec 320 puts from 12 1/8 down to 12


bought 250 dec 270/250 put spreads paying 5/8


bought 250 dec 300/280/260 put flies paying 2


sold 300 sept 315/310 put spreads @ 3


sold 200 dec 330 puts @ 17 5/8


sold 150 dec 350/320 put spreads @ 20 3/8


bought 200 july21 500 calls paying 1 3/4


bought 300 nov 325 calls paying 10 1/2


bought 800 sept 305 puts vs selling 1200 sept 300 puts paying 5/8


bought 200 march 370 calls paying 6 covered vs 333 3/4


sold 500 red dec 380/330 put spreads @ 24 3/4 covered vs 362 1/2


sold 400 dec 320 puts @ 11 covered vs 323 1/2


sold 300 dec 340 calls from 6 7/8 down to 6 3/4


sold 300 nov 335 calls from 6 7/8 to 6 3/4


bought 1500 sept 330 puts paying 19 3/8 to 19 3/4


on the block 


they bought 1500 sept 350 puts vs selling 1500 red dec 330 calls collecting 4 1/2



vols

u310^ 11-1/4  21.25%

v320^ 18 1/2 -19   19%

x320^ 22 3/4 - 23 1/4  19.%

z320^ 25 1/2- 26  18.375%

h330^ 33-3/4  17.%


settles

sept 311 1/4 0n 82k

dec 323 3/4 on 119k

march 335 1/2 on 32k

may 343 3/4 on 6800

july 350 1/2 on 13k

sept21 355 1/2 on 3700

dec21 362 3/4 on 12k



8/7



Robot


Bought 400 march 370 calls vs selling the 310 puts collecting 7/8


Bought 2000 week 2 310 puts paying 4 3/8 to 4 1/2 covered vs 310 1/2


Bought 1000 sept 325 calls paying 1 1/4


bought 500 dec 380 calls paying 1 7/8


bought 1000 dec 370 calls paying 2 3/8


bought 2500 dec 360 calls paying 3 1/4


bought 1000 dec 350 calls paying 4 5/8


bought 1000 dec 350 calls vs selling 2000 dec 380 calls paying 3/4


sold 1000 dec 300 puts from 4 7/8 to 5


bought 100 red dec 300 puts paying 3 3/4 


sold 200 dec july -30 cso puts from 2 1/8 down to 2


bought 500 sept 310 calls paying 4 3/4


settles

sept 307 3/4 on 85k

dec 320 3/4 on 111k

march 332 3/4 on 31k

may 341 1/4 on 5k

july 347 3/4 on 8k

sept21 352 3/4 on 1700

dec21 360 3/4 on 4300



vols

u310 ^ 11 1/8-3/8  23%

v320^ 18 3/8-3/4  20%

x320 ^ 22 7/8-23 1/4  19.75%

 z320^ 25 3/4-26 1/8  19%

h330^ 33 1/4-3/4  17.25%





weekly changes


sept 

307 3/4 down 8 1/4

oi 475068 down 71126

vol 23% up 4%

call oi 223507 up 4115

put oi 157514 up 464


oct 

vol 20% up 1 3/4%

call oi i 25185 up 1924

put oi 25971 up 3007


nov

vol 19 3/4% up 1%

call oi 3487 up 2348

put oi 2662 up 2158


dec 

320 3/4 down 6 1/4

oi 699789 up 26265 

vol 19% up 3/4%

call oi 267759 up 2329

put oi 223952 up 5369


march

332 3/4 down 5 1/2

oi 183907 up 36612

vol 17 1/4% up 1/4%

call oi 62577 up 3367

put oi 56788 up 2065


may

341 1/4 down 4 3/4

oi 46868 up 3253

vol 17%

call oi 8779 up 464

put oi 5000 up 301


July 

347 3/4 down 4 1/2

oi 88906 up 3737

call oi 16497 up 845

put oi 21615 up 421


sept 21

353 3/4 down 2 3/4

oi 32984 up 4255

call oi 3549 up 199

put oi 1990 up 150


dec 21

360 3/4 down 1 3/4

oi 92919 up 3151

call oi 30937 up 7401

put oi 17989 up 3273




crop progress

https://downloads.usda.library.cornell.edu/usda-esmis/files/8336h188j/70795w747/6t054476d/prog3220.pdf


commitment of traders

CFTC Commitments of Traders Long Report - AG (Combined)


CFTC Commitments of Traders Long Report - AG (Combined)

This is the viewable version of the most recent release of the AG disaggregated long form combined commitments r...



stories of interest 

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U.S. Ethanol Giant No Longer Wants to Rely on Trump’s EPA

American ethanol makers have for years been reliant on a government policy that mandates biofuel use. But indust...





Can Corn and Soybean Prices Handle Possible Record National Yields?


Can Corn and Soybean Prices Handle Possible Record National Yields?

Can Corn and Soybean Prices Handle Possible Record National Yields? by Tyne Morgan | Read more Regional News abo...



How Investors Can Play Rising Corn Prices


How Investors Can Play Rising Corn Prices

Simon Constable

High temperatures, dampness, and pests are likely to stunt the growth of corn plants this season.


Morgan Stanley Covers Dollar Short; Goldman Gets More Bearish


Morgan Stanley Covers Dollar Short; Goldman Gets More Bearish

Greenback is at the most oversold level in 40 years.




EIA: Ethanol Stocks Up Slightly, Blender Demand Down 1.1%


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Economist: Ethanol industry ‘is in worse shape than we thought’


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Perry Beeman Iowa Capital Dispatch

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Stephanie Kelly

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Ethanol Market and Pricing Data – August 5, 2020 - U.S. GRAINS COUNCIL


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Ethanol, Fuels and Co-Product Pricing Market Outlook: U.S. ethanol prices ended last week 1.7 percent higher but...



World food price index rises in July, extending rebound


World food price index rises in July, extending rebound

Reuters Editorial

World food prices rose in July led by vegetable oils, dairy products and sugar, extending a rebound from the pre...




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U.S. farm state senators in a beef over livestock bill

Tom Polansek

Two senior Republican U.S. senators from top farm states have locked horns over legislation intended to make cat...




Futures 101 Movie: Floored - Signal Trading Group


Futures 101 Movie: Floored - Signal Trading Group

Market: All markets Movie/Duration: Floored (1:18:53) Description: A 2009 Documentary about the Chicago trading ...




U.S. dollar headed lower, in retreat against the euro - Reuters poll


U.S. dollar headed lower, in retreat against the euro - Reuters poll

Hari Kishan

The dollar's supremacy of well over two years has turned sharply and the current downward trend will continue in...



SEC.gov | SEC Charges Affiliated Advisers for Misrepresentations About Payment for Order Flow Arrangements


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Some People Made Money on Negative Oil Prices


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China, U.S. to review trade deal, air other grievances on August 15: sources


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Wheat exports flagging; corn exports flying | Agweek

Demand has been strong as of late for corn and soybeans, but the export picture is getting cloudy again.







https://www.reuters.com/article/us-health-coronavirus-biofuels-lobbying-idUSKCN2530J6

have a great week

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