EFTA01048760Set 9
2017-04-212p559w
next round, Le Pen > 40% of the votes
Trades:
• Short EUR Forward
o 1mo Forward
o Spot Ref: 1.07, Forward: 1.0708 [can buy a 1.10 EUR call option, expiring ... limit
downside]
• Short EURCHF
o 1mo Forward
o Spot Ref: 1.069, Forward: 1.0682
• Buy Protection on French Banks
o Buy 5 YR CDS on BNP or SocGen
https://www.justice.gov/epstein/files/DataSet%209/EFTA01048760.pdf