From: linialumerailamedingl a>
To: Jeffrey Epstein <jeevacation@gmail.com>
Subject: Re: Preliminary August month end
Date: Mon, 02 Sep 2013 22:22:43 +0000
Attachments: aug_29_stc_FINAL.numbers
Good news...
After finalizing the spreadsheet with the delta hedges, the performance came up to $189k
or 3.78%.
The position is well balanced and situated well for a flight to treasury's and the USD over
the next few weeks. My hope is that the other JPY option will be knocked out before the
end of next month.
The other big event is the Sept 9 POTENTIAL expiration of the AUD 89 put. There is a
window barrier RKI at .8760. If the AUD does not trade at that level by the end of the day
Sept 9, that option will spontaneously expire, realizing a gain of approx $44k. If .8760
does trade, this will ensure that the AUD RKI/KO will have already been knocked out at .88
($96k realized). This is the next big event to watch.
I have spent a massive amount of time registering for something that I do not need to be
registered for in order to trade FX and FX options. I am waiting for confirmation in
writing, but it seems that I did not need to register since the instruments we trade are not
regulated.
I will update today's position and send it later this evening.
On Mon, Sep 2, 2013 at 2:06 PM, Laucia-reamai i:444 -Ltmail.sem> wrote:
Hi again,
please find attached a preliminary August month end report, using prices that I got from
JPM. Unfortunately the option pricing tool that I use for daily pricing shows me prices
that are much more expensive than the market, but I can't afford an expensive pricing
model right now.
I need to add a few currency swap into the position in order to finalize the Aug month end
position. This will not change the exposure, but the swap costs may drop the net p/1, but
it should not be more than $ r.ok or so.
EFTA00678540
I will be back with final numbers later today, but at fist look, it looks like 5 week
performanc is +$186k, or approx 3.72%.
I will be back with final numbers as well as today's updated estimate.
Be well
Laurie
EFTA00678541