Source: Bloomberg 3/3/14
Forwarded by Tazia SmithIcItoklbcom on 03103/2014 01:05 PM —
From. Jatin Binda
To. ICG Commodirjeis,
Cc: Ricardo Ctrha Tazia Smt Commodity Structurim_Assets. CCRT Corr
Date: 03O3/2014 09:04 AM
Subject Trade idea: Brent puts ICI
Classification: Confidential
Trade idea: Brent KI put
Underlying: Jul14 Brent (CON4)
Jul14 Ref: 110.6
Rationale: near term spike due to events in Ukraine followed by decline
1) Vanilla 107 put offered @$2.70/bbl
2) KI Put
107 put. Knocks in only if Jul14 settles above $114 on any day in the next 1 month. Offered @$0.85/bbl
For KI Barrier 113, offered @$1.35
For KI Barrier 115, offered @$0.60
Prices are indicative and will need to be refreshed before trading.
Brent Jul14 price history over last 1 month -
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110035
CONFIDENTIAL SDNY_GM_00256219
EFTA01452790