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EFTA Document EFTA01452331
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Case Filesd-10-EFTA01452331Dept. of JusticeEFTA Document EFTA01452331
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Case File
sd-10-EFTA01452331Dept. of JusticeEFTA Document EFTA01452331
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From: Tazia Smith Sent: 1/28/2014 12:40:19 PM To: jeffrey epstein [email protected]; Paul Morris Subject: Re: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets IC) Classification: Confidential Understood. Jeffrey. long USDCNH calls was the trade. taking the other side of a crowded long/overvalued CNY and inexpensive entry: I) Bin a ly expiry. 6.2 / 6.7 strike USDCNH call spread. Premium (offer) -4).431% of USD notional. Spot breakeven
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Dept. of Justice
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sd-10-EFTA01452331
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