EFTA00689064.pdf

From: Tazia Smith To: jeevacationggmail.com Cc: Paul Morris a Subject: American Airlines... [C] Date: Thu, 24 Apr 2014 18:02:52 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3) Classification: Confidential corrected calVput flip in prior email that paul called my attn to and updated levels here: AAL current spot ref $37.65 Jan 20 call $17.80 x $18.60 Jan 20 put $0.30 x $0.55 Implies $17.25 net vs. your $6 cost, currently +$1.125M on your position Source: Bloomberg 4/24/14 From: Tazia Smithidtedbcorn To: [email protected]. Cc: Date: 04/24/2014 11:46 AM Subject: American Airlines (+1.05mm).... IC) Classification: Confidential Good Morning Jeffrey - American Airlines reported a s solid earnings beat this AM ($0.54 vs. $0.48 eps, inline revs of $10bn). Delayed response in stock price as geopolitical fears (Putin) over-rode a decent durable goods beat in the US, but now, as you know, equity markets have reversed to the upside and AAL is outperforming. Interday and 12mo charts below. Bloomberg markets on your risk reversal here (they're wide, just fyi): Jan 20 put 0.30 x 0.45 Jan 20 call 17.0 x 18.60 Implies $16.55 net vs. your $6 cost, currently +$1.05M on your position Indicative level only, subject to market movement. Source: Bloomberg 4/24/14 AAL Interday Price History as of 4124114 EFTA00689064  NAAL US $ R T 37.98 +.89 Q37.96 /37.98K 6x67 .all At 11:37 Vol 7 523 877 0 37.84P H 37.98Q L 36.76D Val 280.54111 erne na so Actions - SS ttltt --"nrinowyssitratieml 5:00 Trade Pi .. 0:meare I.W 1D 3D 1M 6M YIE.„ lY SY ' eX secuntv/studv 1,1 event 0 + Track .! Annotate -4r News O, Zoom • • AAL US Equity 37.98 • Close on 04/23 ---- 37.09 37.80 T High on 04/24 11:37 37.98 -•- Average 37.60 I I Low on 04/24 10:04 3637..73677 • • 37.40 37.20 37.00 36.80 10:00 11 00 12:00 13:00 14:00 15:00 24 Apr 2014 AAL 12mo Price History as of 4/24/14 AAL US $ T 37 . 93 -.84 N.,....__,vi A37.90 /37.96Z 1 x2 .04 At 11:37 Vol 7, 506 285 2 _ 0 37.84P H 3ital8Q L 36.76D Val 282.426M 99 Save As fit Actions - Itilr - mit e Chart - 01/24/20:4 tact Price w tint r :: 0:MP5ft 'Oi, +v;: pi EzErt 1D •3D • 1M 6M YTC lY SY Max DailV T' SeriirrinrStUdY M Event Track L Annotate yews O, Zoom 40.00 37.93 36.00 34.00 32.00 30.00 a• Last Price 37.93 T High on 03/07/14 39.02 28.00 Average 32.984 26.00 Low on 12/09/13 24.60 24.00 40M ■ Volume 7.508M I • SMAVG (15)Att039M 1884141iAte88888.1011.11Bilidlilfribi l tailliffillillAilibililiAllihilliiiiiti. 7.50811 i I I i Dec Jan Feb Mar Apr 2013 I 2014 Tazia Smith Director F Key Client Partners - US DB Secunties Inc Deutsche Asset 8 Wealth Management New York, NY, USA EFTA00689065 Email Pan-io-pcfr Peifarm. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. ➢eutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00689066