X=94.25
Initial Margin: 13%
From. Tazia Smilh/db/dbcorn
To. Jeevacabontilumaitcom.
Vine Satt Nay Ga. Paul Morris, Vahe Stepania
Date: 03/14/2014 10.07AM
Subject Zero Coet VVT1 Collar 101/94.5. spot ref 97.75 [I]
Classification: For internal use only
Good Morning Jeffrey -
Crude ticking up this AM as you know, you can add to your risk reversal with the same 101 strike
call with a 94.50 indicative sold put (vs. your 93.50 yesterday. Let us know:
WTI Jun14
You buy call, strike 101
You sell put, strike X
100 lots on each leg
Costless package
Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade
Jun14 ref 97.75
X=94.50
Initial Margin: 13%
TDS
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