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sd-10-EFTA01452333Dept. of Justice

EFTA Document EFTA01452333

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Asian corporates have sold a significant quantity of options (to enhance returns) depressing implied volatility IF USDCNH starts to retrace higher, option sellers will short cover options they have -ictl with permission cif Bitionttcrtt Emmy LP KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Male London Deutsche Asset 8 Wealth Management 109108 Old &oad St Pinners Hall). EC2N 1EN London. United Kingdom Tel. CONFIDENTIAL - PUR

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Dept. of Justice
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sd-10-EFTA01452333
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