From: Nav Gupta [nay.gupta@db.com]
Sent: 9/10/2014 4:58:21 PM
To: Paul Morris [paul.morris@db.com]
CC: Tazia Smith [tazia.smith@db.com]; Uzair Ageel [uzair.aqeel@db.corn]; Vinit Sahni [vinit.sahni@db.com]
Subject Re: epstein
Classification: For internal use only
Paul, uS compliance insist only kcp us can 'highlight' trades to US kcp
clients. They and our compliance have become much clearer. Nav
Original Message
From: Paul Morris
Sent: 09/10/2014 02:45 PM EDT
To: Nav Gupta
Cc: Tazia Smith; Uzair Ageel; Vinit Sahni
Subject: Re: epstein [I]
Classification: For internal use only
thanks, who is showing to 3E?
Paul Morris
Managing Director
Deutsche Bank Private Bank
345 Park Avenue, 27th Floor
New York, NY 10154
From: Nav Gupta/db/dbcom@DBEMEA
To: Paul Morris/db/dbcomcgOBAMERICAS@DBCOEX,
cc: tazia.smith@db.com, vinit.sahni@db.com, Uzair Acieel/db/dbcomgDBEMEA
Date: 09/10/2014 03:05 AM
Subject: Re: epstein [I]
Classification: For internal use only
Paul -
FX
1) sell 3mth 102 SY Puts vs buy 111 SY Calls roughly zero upfront prem (spot
106.50)
2) sell 3mth 1.5150 GBP put vs buy 1.685 Calls roughly zero upfront prem (spot
1.6150)
3) sell 6mth 1.35 eurusd calls vs buy 6mth 1.215 puts (spot 1.2950)
of the 3 only the gbp has a decent vol pickup due to fear of yes vote in
scotland referendum - but i like all the trades. if cable trades down to 1.50
there will be lots of UK real assets 3E should be buying at that time.
we beginning to think that some of the asian currencies where international
investors are positioned for carry (like Indian rupee and indonsian rupiah)
could begin to unwind if the usd continues to strengthen. can look at usd
calls there
overall like the us rates higher / stronger usd play. mkt shrugged off 140k
payroll. its cheaper to bet on higher dollar than higher us rates. pricing
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