Subject: AAL [C]
From: Tazia Smith <
Date: Wed, 11 Dec 2013 11:59:36 -0500
To: Vahe Stepanian <
Jeffrey epstein < eevacation@ mail.com>
Cc: Paul Morris
Classification: Confidential
Jeffrey -
American Airlines (AAL) is presently trading -$26.5. You can synthetically
create the stock via listed risk reversal out to Jan15:
Indicative levels:
Spot ref 26.50
Buy Jan15 20 call
Sell Jan15 20 put
Net Debit: 6.25
Do this on 1000 contracts to represent your 2-3mm of exposure.
This priced better than a total return swap.
Indicative levels only. Subject to market movement. Source: DB WM Equity
Derivatives, 12/11/13.
TDS
Tazia Smith
Director
Key Client Partners - US
Deutsche Bank Securities, Inc.
Deutsche Asset & Weal h M n ment
E-mail:
Original Message
From: Vahe Stepanian
Sent: 12/11/2013 11:43 AM EST
To: jeevacation@gmail.com
Cc: Paul Morris; Tazia Smith
Subject: DXJ [C]
Classification: Confidential
Jeffrey,
As a follow up to your conversation with Paul, please confirm you would like
to purchase 60,000 DXJ @ market.
DXJ is currently trading -$49.36, therefore the position = -$3mm exposure.
I'111 be back to you shortly on AAL.
EFTA01465712
Thank you,
Vahe
(Embedded image moved to file: pic01274.gif)
Vahe Stepanian
Associate I Wealth Investment Coverage
Deutsche Bank Securities Inc.
Deutsche Asset & Wealth Mana•ement
Email
(Embedded image moved to file: pic00303.gif)
EFTA01465713