From: Tazia Smith <I
To: jeevacation@gmail.com
Cc: Paul Morris , Vinit Sahni Vahe Ste anian
, Nav Gupta
Subject: American Airlines to re-test $38... [C]
Date: Tue, 01 Apr 2014 14:32:54 +0000
Attachments: AAL_Options_4.1.14_10.20amsnl
Inline-Images: unnamed; unnamed(1); unnamed(2)
Classification: Confidential
Jeffrey -
You're currently up $995mm (net) on your American Airlines January $20 Risk Reversal. That's just based on current bid/offer
( as you see, market is wide, would get done better).
Jan 20 call —16.60/18.10
Jan 20 put —0.35/0.65
Spreadsheet attached.
Indicative levels only, subject to market movement. source Bloomberg.
Recall, your cost basis is $6.05 (+8.03 on the call, -1.98 on the put)
AAL 6mo Price History
AAL US S 37.25 +.65 Q37.26 /37.28Q 1 x6
At 10:14 Vol 2,244,976 0 36.95Q H 37.60K
AAL US E uit 95) Save As 997aRMS - - Line Chart
12/09/2013 04/01/2014 Last Price Line 11) Compare I4ov. kegs MEI Volume ri USD 19
1D 3D 1FI 1 ifiN YID 1Y 5Y Max Daily • Security/Stuffy Event O
+ Track z Ahnotata. News O,Zoom 1'40.00
p.-20 An
• Last Price 37.25
T High on 03/07/14 39.02
4-36.00
-9- Average 32.381
1. Low on 12/09/13 24.60 0-34.00
4-32.00
--30.00
4-28.00
4-26.00
4-24.00
4011
•Volume 2.245M
L• SNAVG 05.) 7.967M
20M
Dec 13 Dec 31 Jan 15 Jan 31 Feb 14 Feb 28 Mar 14 Mar 31
2013 2014
EFTA00689125
Tazia Smith
Director i Key Client Partners - US
DB Securities Inc
Deutsche Asset & Wealth Management
345 Park Avenue 10154-0004 New York. NY. USA
Pan-in.-1r Pei-ft:rent
This communication may contain confidential and/or privileged information.
If you are not the intended recipient (or have received this communication
in error) please notify the sender immediately and destroy this
communication. Any unauthorized copying, disclosure or distribution of the
material in this communication is strictly forbidden.
Deutsche Bank does not render legal or tax advice, and the information
contained in this communication should not be regarded as such.
EFTA00689126