From: Jeffrey M Matusow <
To: Jeevacation <jeevacation@gmall.com>
Subject: Euro
Date: Thu. 01 Jul 2010 14:06:43 +0000
The Euro is trading at 1.2450. It hasn't closed above 1.24 since late May. This is against a backdrop of 'risk off' - Dow down,
S+P down, Europe markets down —1%, CHF up, JPY up, poor US economic data etc. I think we should reinstate a short Euro
position.
6 month cashless risk reversal
long 1.2225 euro put
short 1.2500 euro call that knocks in at 1.2750
Let me know.
Jeff
Jeffrey M. Matusow
JPMorgan Private Bank I 40 West 57th Street, 33rd Floor, New York, NY 10019
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