From: Laurie Cameron alEll >
To: Jeffrey Epstein <jeevacation@gmail.com>
Subject: 24 Sept 2013 position
Date: Wed, 25 Sep 2013 02:19:17 +0000
Attachments: SEPT_24.xls
Yesterday I rolled part of two bad options: a 1.57 gbp call and a 92 aud call. Part of the
AUD call risk was rolled up (an AUD call with a .95 strike) and the GBP risk was replaced
by a short 1.58 GBP put and a 1.595 gbp call which wont kick in until 1.645o. Managing
these two option positions are my biggest focus now.
As I'm sure you saw, Senate Republicans announced that they will split with Cruz and it
sounds as if they will try to pass legislation to delay the debt ceiling discussion until
November. We are positioned for this. If the House Republicans sabotage the welfare and
credibility for their own means (getting rid of Affordable Care Act) they will be political
pariahs and cause a panic. I am watching this closely. I am closing the short gold options
(at a small profit) this week. I am not eager to lock in losses at this point to protect against
a panic. I will buy some short dated USD puts vs gbp aud and nzd (and eur if they will let
me!!) to protect and profit from a panic shld the ceiling not be raised Tuesday.
The position is still down signficantly ($47ok). Still not time to panic. I continue to work
to roll some AUD and NZD and GBP call strikes higher to benefit from this move up.
Thank you for your patience and your confidence.
With kind regards
Laurie
EFTA00872579