You buy call, strike 110
You sell put, strike x
100 lots on each leg
Costless package
Both legs knock out if WTI Jun14 setttles below 520/bbl on any day during
the trade
Jun14 ref 97.65
X = 86.0
WTI Jun14
You buy call, strike 105
You sell put, strike x
100 lots on each leg
Costless package
Both legs knock out if WTI Jun14 setttles below S20/bbl on any day during
the trade
Jun14 ref 97.65
x = 90.25
From: Jeffrey Epstein neeyacationagmai .corn>
To:
Date: 03/14/2014 12:29 PM
Subject: Re: Zero Cost WTI Collar 101/94.25, Jun spot ref 97.60 [I]
we should extend out the strikes 110 88 etc
on Fri, Mar 14, 2014 at 12:11 PM, Tazia smith <tazia.smith@db.com> wrote:
Classification: For internal use only
Jeffrey - current indicative offer on the same June14 zero cost is
101/94.25
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 S20/bbl on any day during
the trade
Jun14 ref 97.60
X = 94.25
Initial Margin: 13%
From Tazia Smith/db/dbcom
To: jeevacation@gmail.com,
Cc:
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110785
CONFIDENTIAL SDNY_GM_00256969
EFTA01453264