EFTA01461391.pdf

From: Tazia Smith Sent: 3 14 2014 10:07:06 AM To: CC: Vinit Sahni I ; Nav Gupta I Morris Vahe Stepanian Subject: Zero Cost WTI Collar 101/94.5, spot ref 97.75 i Classification: For internal use only Good Morning Jeffrey - Crude ticking up this AM as you know, you can add to your risk reversal with the same 101 strike call with a 94.50 indicative sold put (vs. your 93.50 yesterday. Let us know: WTI Jun14 You buy call, strike 101 You sell put, strike X 100 lots on each leg Costless package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade Jun14 ref 97.75 X = 94.50 Initial Margin: 13% TDS 1CLli98.70 +.50 •Aisv ic98.69 /98.70 9x2 Prey 98.20 At 9:56, d Vol 58493 Sp 98.25 Hi 99.09 Lo 98.06 Open1n1 150876 WIDIPSWe Wm l pur i LIM chart iNa Qs ®-jam al Carom na, ONOMMIN as 1 em fl ack Annotate tr. Netivs "Ctr I t "em I " "in 105.00 104.00 I 103.00 102.00 101.00 T• Last Price 98.70 100.00 T High on 03/03 10:30 105.11 Average 101.75 / Low on 03/12 11:30 97.64 98.00 Prey Close 100.30 17 18 19 20 21 24 25 26 27 28 03 04 05 06 07 10 11 12 1.3 14 Feb 2014 Mar 2014 -- Forwarded by Tazia Smithelbidbcom on 0314201409 52 AM --- From. Vanstree Vermaidb/dbcom@DBEMEA To: Date: 03/14/2014 0353 AM Subject. Markets opening weaker. Ken)* and Lamy meeting today key I KCP Capital Markets Ill CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0123418 CONFIDENTIAL SDNY_GM_00269602 EFTA01461391