From: Paul Barrett 1MMII >
To: Jeffrey Epstein <jeevacation@gmail.com>
Cc: Richard Kahn
Subject: Euro
Date: Wed, 19 Jul 2017 14:39:12 +0000
Jeffrey
Tried calling.
We can buy euro calls through Merrill on the ETF. It's not ideal but all we have for now. Vol is around 7pct
which is a decent level.
I would start by buying 3 month 1.1700 equivalent calls on the FXE which tracks the EURO. Spend $100,000 to
start. Controls around 10mm notional.
AND:
Then put on a 1.1250 x 1.1750 risk reversal on 5mm (buy the 1.1750 calls and sell the 1.1250 puts) Solve to
make it cashless.
Paul
Paul Barrett
EFTA01039890