Subject: RE: Short EUR/USD Trades [C]
From: Paul Morris < 1.>
Date: Tue, 07 Apr 2015 11:41:16 -0400
To: Vahe Stepanian
Daniel Sabba
Classification: Confidential
He's in nyc, try to see him
Paul Morris
Managing Director
Deutsche Bank Private Bank
From: Vahe Stepanian
Sent: Monday, April 06, 2015 1:51 PM
To: Jeffrey Epstein
Cc: Paul Morris; Daniel Sabba; Ariane Dwyer; Richard Kahn
Subject: Short EUR/USD Trades [C]
Classification: Confidential
Jeffrey- would it make sense to revisit your bearish EUR view on the back of
Friday's weak NFP?
We priced up three alternatives:
Spot ref = 1.0990
1) Buy European Digital Put Option on EUR/USD
EFTA01472726
Strike: 1.00
Payout: USD 1,000,000
Payout Ccy: USD
Expiry: Tue 06-Oct-2015 (6m)
Premium Offer: USD 135,000 (mid: $115,000)
2) Buy European Put Option on EUR/USD
Strike: 1.1050
Notional: EUR 10,000,000
Expiry: Wed 06-Apr-2016 (1y)
Premium Offer: USD 460,000 (mid: $442,500)
3) Buy EUR/USD Put, sell EUR/USD call in a premium neutral Risk Reversal
Put Strike: 1.0500
Call Strike: 1.1675
Notional: EUR 10,000,000 EUR
EFTA01472727
Expiry: Thu 06-Apr-2017 (2y)
Structure mid: USD -33,000
Thank you,
Vahe
Vahe Stepanian
Assistant Vice President I Key Client Partners
Deutsche Bank Securities Inc.
All trade execution information contained herein is being provided as an
accommodation at your request in advance of your receipt of the official
trade confirmation(s). Additional trade detail information available upon
request. The terms of the trade(s) may be subject to change prior to
settlement, and therefore the official trade confirmation(s) and account
statements issued by Deutsche Bank shall govern. Deutsche Bank is not
responsible for any discrepancy between the informal execution report and
the official trade confirmation(s) or account statements.
EFTA01472728