EFTA01454194.pdf

From: Tazia Smith Sent: 5/13/2014 3:25:05 PM To: CC: Paul Morris Vahe Stepanian Subject: Copper EOD 5/13/14... Attachments: pic28735.gif; pic05678.gif; pic12986.git pic28729.jpg Rich - End of the day (EOD) on the copper call - December copper was down, 6808 on 024 vs. 6836 yesterday. mid on Dec 7000 call is 4237/int vs. $251.72/mt yesterday Thus Jeffrey's option mid is $296,250 mid, vs. $314,650 mid yesterday using same vol spread (0.6%) and vega (20.27) the EOD indicative bid $281,250 vs. $299,448 this morning. Tazia From: Tazia Smi th,MMI To: Cc: vahe Stepanian Paul Morris Date: 05/12/2014 05:01 PM Subject: Fw: Copper - positive momentum from China cap mkts reform Rich- Copper faded only slightly - 6875 vs. 6883 spot ref this morning (LP24 6836) mid on Dec 7000 call is $251.72 at the end of the day, vs. $252/mt this morning. Thus Jeffrey's option mid is $314,650 mid, vs. $315,000 mid this morning. Using same vol spread (0.6%) the EOD indicative bid $299,448 vs. $300,000 this morning. IDS (Embedded image moved to file: pic28735.gif) Tazia Smith Director I Key client Partners - US D8 Securities Inc Deutsche Asset & wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 112170 CONFIDENTIAL SDNY_GM_00258354 EFTA01454194