corn weekly review
I feel these historic events that have been happening in our markets the past several years would not have happened had the futures traded in the pits. There would have been real price discovery. Humans trading with humans.... I think the robots just scan and ultimately search for what causes the most pain. It is scary and i think what happened in oil will have an extremely negative effect on our industry moving forward..... Risk managers and firms will not want to be caught with their pants down. They will be all over traders to cover risk. Thus people will take on less risk and the ripple effect will leave us with an illiquid market....the transfer of risk will become harder .... It will make the process more expensive for the users of these instruments and that will ultimately be passed on to the consumers. Humans trading with humans. That is best for price discovery.
that being said.....
August options start trading on Monday....also k21/n21 cso's
the 4200 week 1 330 calls and 4800 week 1 335 calls bought on Friday were new
April's cattle on feed showed a sharp drop in placements....
4/20
robot
sold 1000 may 320/330 put spreads @ 7 1/2 (rolling down a long)
bought 1000 sept 330/290 put spreads vs selling the 360 calls paying 4 7/8 (new)
sold 500 short june 340 calls @ 9 1/8
sold 500 june 340 calls @ 4 1/2
bought 2000 may 320/325 call spreads paying 1 3/4 covered vs 318 1/2 (rolling down)
sold 2000 june 305/275 put spreads @ 2 1/2
sold 2000 july 300/270 put spreads @ 3 1/2
bought 3000 july 335 calls vs selling the 310 pus paying 1 covered vs 323
bought 2000 may 315/320 call spreads
bought 5000 july 320/310 put spread from 4 3/8 to 4 1/2 (rolling down a short)
bought 1000 dec 280 puts paying 4
sold 500 short may 350 calls @ 1/2
settles
may 314 1/4 on 112k
july 322 1/4 on 131k
sept 327 on 28k
dec 337 on 40K
march 349 3/4 on 8100
may21 356 1/2 on 1300
july 21 361 1/4 on 1500
sept 21 358 3/4 on 400
dec21 365 1/4 on 2600
vols
may 315^ 8 3/8 to 8 3/4 ---30%
june 320^ 19 7/8 to 20 1/4---26%
july 320^ 28 to 28 3/8---25 1/2%
sept 330^ 40 1/4 to 40 5/8 ----26 1/2%
dec 340^ 47 3/4 to 48 1/4---23 1/2%
march 350^ 51 1/2 to 52 1/2----20 1/2%
4/21
robot
bought 1000 may 305/300 put spreads paying 1 3/4
bought 2500 July 330/360 call spreads paying 5 1/4
sold 4000 dec 370/360 put spreads @ 7 1/2
bought 6500 July 310/300 put spreads paying 4 1/8 to 4 1/2
sold 1000 july 340/330 put spreads @ 7 1/2
sold 1000 may 320/310 put spreads @ 7 1/2
bought 500 march21 340 puts paying 24
bought 300 dec 200 puts paying 1/4
bought 3000 july 320/305 put spreads paying 7 1/2 to 8 1/4
sold 200 may 21 350 calls @ 25 1/2
sold 200 may 21 390 calls @ 12 1/2
bought 400 sept 350 calls paying 9 3/4 to 10
bought 2000 dec 300/280 put spreads paying 5 1/2 to 5 5/8
bought 2000 sept 340/360 call spreads paying 4 5/8
bought 500 june 335 calls paying 4 1/2
bought 1500 July 350 calls vs selling the dec 410 calls
bought 1000 july 340/350 call spread paying 2
sold 500 June 330 calls @ 6
they are rolling the dec 330/280 put spread to the march 330/280 put spread collecting 3 1/4....they did 1500 of these
vols
may 310^ 8 7/8 to 9 1/4 ---35%
June 315^ 20 3/4 to 21 1/4 ---28%
July 315^ 29 1/4 to 29 3/4 ---28%
sept 320^ 41 to 41 1/2--- 28%
dec 330^ 48 3/4 to 49 1/4---24 1/2%
march 350^ 54 to 55 ---21 1/2%
settles
may 309 1/4 on 147k
July 317 1/4 on 196k
sept 321 1/2 on 47k
dec 332 on 68k
march 345 1/4 on 14k
may21 352 1/2 on 3300
July 21 357 1/2 on 4300
sept21 356 1/2 on 1000
dec21 357 1/2 on 4300
4/22
robot
sold 1000 may 320/330 call spreads from 2 1/2 down to 2 3/8
bought 500 sept 250 puts paying 1 1/2
bought 500 may 325 calls paying 1 3/8
sold 1000 may 315 puts @ 2 1/2
bought 200 july 310 straddles 30 1/4
bought 250 july 310 puts vs selling 500 july 300 puts collecting 3 1/4
sold 400 may 330 calls @ 3/8
bought 2000 june 315/290 put spreads paying 5 1/8 covered vs 323
bought 250 june 315/295 put spreads vs selling the 335 calls paying 5/8
sold 1000 may 310/315 call spreads @ 3 5/8 covered vs 318
settles
may 317 1/2 on 105k
july 324 3/4 on 154k
sept 327 1/2 on 40k
dec 336 3/4 on 46k
march 349 1/2 on 8100
may21 356 on 1600
july21 361 on 2700
sept21 359 on 2400
dec21 365 1/4 on 5300
vols
may 315^ 7 to 7 3/8---31%
june 320^ 20 1/8 to 20 1/2 ---27%
july 320^ 29 3/8 to 29 3/4---27%
sept 330^ 42 to 42 1/2 ---27 3/4%
dec 340^ 50 1/4 to 50 3/4 ---24 1/2%
march 350^ 54 to 55 ---21 1/2%
4/23
robot
sold 800 july 295 puts @ 4 1/8
sold 400 each of the june 325p/335c , 320p/340c , 315p/350c and 305p/360c strangles
bought 500 sept 250 puts paying 1 1/2
Sold 1000 may 315 calls @ 8 covered vs 322.
bought 5500 may 325/335 call spreads from 1 3/4 to 2 3/8
Bought 2500 may 325 calls from 2 to 2 7/8
Sold 1000 july 310 puts from 6 5/8 down to 6 1/2 covered vs 329 1/2
Bought 250 july 310 puts vs selling 500 july 280 puts paying 3
Bought 250 july 345/375 call spreads paying 5 7/8
Bought 200 sept 370 calls paying 9 1/8
Sold 500 may 325/330 call spreads @ 1 1/4
bought 1000 may 315/320 call spreads paying 2 3/4
on the block
500 july 380 calls bought were bought paying 2 5/8 covered vs 328
on 4/21 ....1000 dec corn/wheat 2.25 calls were bought paying 2 1/4
settles
may 319 1/4 on 115k
july 326 on 175k
sept 329 3/4 on 45k
dec 338 3/4 on 57k
march 350 3/4 on 8k
may21 357 1/4 on 2600
july 21 361 3/4 on 3500
sept21 358 1/4 on 1100
dec21 364 3/4 on 4500
vols
may 320^ 6 to 6 1/4---34 1/2%
june 325^ 19 1/4 to 19 5/8...26%
july 325^ 28 1/8 to 28 1/2---26%
sept 330^ 41 to 41 1/2 ---27 1/4%
dec 340^ 49 1/2 to 50---24 1/4%
march 350^ 53 1/2 to 54 1/2----21 1/4%
4/24
robot
4000 week 1 330 and 335 calls were bought
bought 1000 july 360 calls paying 4 to 4 3/8
sold 700 june 330 calls @ 6 1/2
bought 200 sept 360 calls paying 9 3/8
bought 200 dec 350 calls paying 18 3/4 covered vs 336
sold 400 march21 320p/390c strangles @ 26 1/2
sold 400 june 295p/350c strangles @ 4 1/8
bought 500 july 325 calls vs selling the march 320 puts
sold 400 june 315p/330c strangles @ 13
sold 400 june 305p/340c strangles @ 7 1/4
sold 400 june 320p/325c strangles @ 17 1/8
sold 500 march 21 320p/390c strangles
bought 500 sept 330/july 320 straddle swaps paying 13 1/4
sold 1000 june 320 puts @ 8 1/4
bought 500 july 280 puts vs selling 250 july 310 puts collecting 4 3/8
sold 400 short sept 360/335 put spreads @ 16 1/4
on the block
300 dec20/dec21 futures spreads were blocked @ 27 3/4
settles
may 315 3/4 on 82k
july 323 on 119k
sept 327 1/2 on 24k
dec 336 3/4 on 30k
march 349 1/4 on 6200
may21 355 3/4 on 1700
july 21 360 1/4 on 3500
sept21 357 on 600
dec21 363 3/4 on 2300
vols
week 1 325^ 12 1/2 to 13 1/2---35% today but 43% if you take the weekend out
june 325^ 19 3/4 to 20 1/8---27%
july 325^ 28 3/4 to 29 1/8 --28%
sept 330^ 41 3/4 to 42 1/4---28%
dec 340^ 49 1/2 to 50---24 1/4%
march 350^ 53 to 54----21%
commitment of traders
CFTC Commitments of Traders Long Report - AG (Combined)
CFTC Commitments of Traders Long Report - AG (Combined)
crop progress
cattle on feed
weekly changes
may
315 3/4 down 6 1/2
oi 118152 down 119585
June
vol 27 % up 2%
call oi 44873 up 15571
put oi 44762 up 13355
July
323 down 6 1/4
oi 614333 up 67750
vol 28% up 3%
call oi 174563 up 18110
put oi 149686 up 12420
sept
327 1/2 down 6 1/4
oi 236444 up 5022
vol 28% up 2%
call oi 85557 up 9227
put oi 73825 up 10065
dec
336 3/4 down 6 3/4
oi 318445 up 23867
vol 24 1/4% up 1 1/2%
call oi 144180 up 4673
put oi 124937 up 6793
march
349 1/4 down 6
oi 48988 up 5944
vol 21% up 3/4%
call oi 16233 up 1380
put oi 10033 up 2987
may21
355 3/4 down 6 1/4
oi 13755 up 184
call oi 1707 up 540
put oi 297 up 15
july21
360 1/4 down 6 1/2
oi 49223 up 5032
call oi 5262 up 185
put oi 6790 up 643
dec21
363 3/4 down 6 3/4
oi 45887 up 4538
call oi 3709 up 330
put oi 3880 up 176
stories of interest
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