triggers for usdjpy to drop or rise a lot. For 50k I'd keep it and if usdjpy rises to
103.25 or 103.50 sell 100pct of the delta to lock in p&I
2) is it worth spending more. The japan story seems to be losing momentum. This has
shown up in nky but not usdjpy. I'd be inclined to find a longer tenn cheaper way to
bet. I'll take a look tomorrow to see what looks smart now that vols are a lot lower.
Best
Nav
On 21 Apr 2014, at 19:33, "Tazia Smith" <tazia.smith@db.com> wrote:
Classification: For internal use only
Nay - thoughts on his 102.50 strike USDcJPYp that matures 5/1...-46k left of value
(down —143k). Maintain short yen view (this was his, he thought it was going to 110
within the time frame). Do you roll it here and save what's left in the premium?
<0.25A.gif>
<0.50CC.gif>
Tazia Smith
Director I Key Client Partners - US
DB Securities Inc
Deutsche Asset & Wealth Management
345 Park Avenue, 10154-0004 New York. NY. USA
Tel. +1(212)454-2889
Fax +1(646)257-3131
Mobile +1 (917)327-4107
Email tazia.smith@db.com
<0.5B0E.gif>
Paul Morris---04/21/2014 01:59:09 PM---Classification: For internal use only thx pls
stay on him, hope you're all well,
From: Paul Morris/db/dbcom®DBAMEFtICAS
To: Nay Gupta/db/dbcom®DBEMEA,
Cc: tazia.smith@db.com vinit.sahni@db.com
Date: 04/21/2014 01:59 PM
Subject: Re: Jeffrey - latest prices with suggested sizes - Nay [1]
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0111726
CONFIDENTIAL SONY GM_00257910
EFTA01453880