EFTA01204616.pdf

From: Tazia Smith <~l~> To: jeevacationggmail.com Cc: Paul Morris , Nav Gupta Vzthe Stepanian , Matt Glassman Subject: EURUSD 1.345:1.38 risk reversal - matures 9/8/14 [C] Date: Fri, 15 Aug 2014 14:20:09 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3) Classification: Confidential Good Morning Jeffrey - Keeping on your radar that your EURUSD 1.345:1.38 risk reversal matures in 3 weeks (9/8/14). Incremental upside on your current position may be asymmetric to the risk of a bounce, eating into your gains on your in-the-money position. Spot's rallying a bit this morning (3-day chart below), but on a reversion back toward 1.336 spot, consider taking gains. Perhaps roll into a new 3mo structure if your view remains that there is extended downside to EURUSD. Current indicative levels on your current position below, along with current levels on a new 3mo risk reversal: EURUSD Spot Ref 1.3394 Current: <Client> sells Put, buys Call on EUR/USD in a Risk Reversal Put Strike: 1.345 Call Strike: 1.38 Notional: EUR 10,000,000 EUR Expiry: Mon 08-Sep-2014 Settlement: Wed 10-Sep-2014 ZoneCut: NY Premium: USD -89,300:4,200 (-85,100) Premium Date: Tue 19-Aug-2014 Client Receives $85,100 3-Month Risk Reversal: <Client> buys Put, sells Call on EUR/USD in a Risk Reversal Put Strike: 1.32 Call Strike: 1.3547 Notional: EUR 10,000,000 EUR Expiry: Mon 17-Nov-2014 Settlement: Wed 19-Nov-2014 ZoneCut: NY Premium: USD 74,100:-74,100 (-0) Premium Date: Tue 19-Aug-2014 Client Receives/Pays: $0 Indicative Levels. Subject to market movement. Source: DB FX Pricer, 8/15/14. EURUSD 3-day Price History EFTA01204616 IEURUSD 1.3395 +.0030 BGN 1.3395 /1.3396 BGN At 9:50 0. 1.3365 Hi 1.3405 Lo 1.3359 Close 1.3365 Valt ii0,24193.,1 EURUSD BGN Curncy W99 SacreM 9$ Actions - !Th rai l ig Intraday Chart 3 03/13;23:4 08/1512014 17:00 16:59 Compare USD 6M YTD 1Y SY Max Tick • t Security/Study M Event O ; 4' Track AtthOtate "ff *Ng Co - Zoom 1'1.3420 • Last Price 1.3395 P-1.3410 • Close on 08/ 2 ---- 1.3369 T High on 08/ 08:49 1.3415 P-1.3400 -0- Average 1.3370 1.3395 I Low on 08/ 5:26 1.3342 I .0.0026 I-1.3390 0.19% P-1.3380 St 1 I-1.3370 P-1.3360 ft P-1.3350 P-1.3340 00:00 08:00 00 00 08:00 00 00 08:00 16:00 13 Aug 2014 14 Aug 2014 15 Aug 2014 EURUSD 12mo Price Histor EURUSD 1 1.3395 - .0030 1.3394 1.3395 Btu N At 9:51 Op 1.3365 Hi 1.3405 Lo 1.3359 Case 1.3365 Value 08/19/14 EURUSD BGN Curn 99 Sates" 9$ Actions -'- 971Elit - 9$ Table Line Chart 08/15/2013 08/15/2014 Last Price "Bla Line Compare Nov. Avgs MEM No Lower Chart 1: 3: 1M 6M YTD 1Y SY Max Daily • PW d Seculty/ tudy "I Event O + Track .! Annotate News co, Zoom 1.3900 1.3800 1.3700 1.3600 1.3500 1.3300 • Last Price 1.3395 I High on 03/18/14-1.3934 1.3200 -9- Average 1.3613 Low on 09/05/13 1.3120 1.3100 Sep Dec Mar Jun 2013 2014 Used with permission of Bloomberg Finance LP EFTA01204617 Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset 8 Wealth Management 345 Park Avenue, 10154-0004 New York. NY. USA Tel. +1(212)454-2889 Fax + Mobil Email Petscia-4..h7Pe#rm 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. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01204618