EFTA01365169

From: Paul Morris Sent: 10/10/2014 10:48:33 AM To: Tazia Smith I CC: Daniel Sabba ; Vahe Stepanian Subject: Re: S&P risk reversals.... II] Attachments: pic02273.gif; pic31716.gif; pic32617.gif; pic27358.gif Classification: For internal use only good morning, please cc Stewart going forward, thanks Paul Morris Managing Director Deutsche Bank Private Bank From: To: Tazia Smith/db/dbcom [email protected], cc: Paul Morris, Daniel sabba/db/dbcom@DBAmERIcAs, vahe Stepanian/db/dbcom@OBAmericas Date: 10/10/2014 10:33 AM Subject: s&P risk reversals.... [C] Classification: Confidential Good Morning )effrey - S&P listed options indicative levels below. If you have an upside view on uS big caps, consider a risk reversal. Example: 1895p/1925c SPX November risk reversal +50.20 premium collected, offer side (Bloomberg) ref: 1917.01 Example: 186p/193c SPY March risk reversal +$0.02 premium collected, offer side (Bloomberg) ref: 191.53 (Embedded image moved to file: pic02273.gif) (Embedded image moved to file: pic31716.gif) (Embedded image moved to file: pic32617.gif) Tazia smith Director I Key client Partners - us DB securities Inc Deutsche Asset & wealth mana ement CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055835 CONFIDENTIAL SDNY_GM_00202019 EFTA01365169