EFTA01479767

Subject: Re: S&P risk reversals.... (I] From: Paul Morris < Date: Fri, 10 Oct 2014 To: Tazia Smith < Cc: Daniel Sabba Vahe Stepanian Classification: For internal use only new hire started this week, going to work with me, Director comes from CS, very sophisticated around derivatives, alts, single stock, he will come up on Tuesday to meet you, i believe he has met Daniel Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York, NY 10154 Office: Cell: From: Tazia Smith/db/dbcom To: Paul Morris/db/dbcom@DBAMERICAS, Cc: Daniel Sabba/db/dbcom@DBAMERICAS, Vahe Stepanian/db/dbcom@DBAMERICAS Date: 10/10/2014 10:51 AM Subject: Re: S&P risk reversals.... (I] Classification: For internal use only sure. who's stewart? (Embedded image moved to file: pic03523.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. Fax Mobile Email (Embedded image moved to file: pic06724.gif) EFTA01479767 From: Paul Morris/db/dbcom To: Tazia Smith/db/dbcom@DBAMERICAS, Cc: Daniel Sabba/db/dbcom@DBAMERICAS, Vahe Stepanian/db/dbeom@DBAMERICAS, Date: 10/10/2014 10:48 AM Subject: Re: S&P risk reversals.... (I) Classification: For internal use only good morning, please cc Stewart going forward, thanks Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York, NY 10154 Office: Cell: From: Tazia Smith/db/dbcom To: jeevacation@gmail.com, Cc: Paul Morris, Daniel Sabba/db/dbcom@DBAMERICAS, Vahe Stepanian /db/dbcom@DBAmericas Date: 10/10/2014 10:33 AM Subject: S&P risk reversals.... (C) Classification: Confidential Good Morning Jeffrey - S&P listed options indicative levels below. If you have an upside view on US big caps, consider a risk reversal. Example: 1895p/1925c SPX November risk reversal +$0.20 premium collected, offer side (Bloomberg) ref: 1917.01 Example: 186p/193c SPY March risk reversal +$0.02 premium collected, offer side (Bloomberg) ref: 191.53 EFTA01479768 (Embedded image moved to file: pic01619.gif) (Embedded image moved to file: pic29860.gif) (Embedded image moved to file: pic07329.gif) Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset a Wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA Tel. Fax Mobil Email (Embedded image moved to file: pic27786.gif) EFTA01479769