EFTA01453275

we should extend out the strikes 110 88 etc On Fri, Mar 14, 2014 at 12:11 PM, Tazia Smith wrote: Classification: For internal use only Jeffrey - Current indicative offer on the same June14 zero cost is 101/94.25 WTI Jun14 You buy call, strike 101 You sell put, strike X 100 lots on each leg Costless package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade Jun14 ref 97.60 X=94.25 Initial Margin: 13% From. Tazia SmithrdbIdbcom To. jeevacattonesmail.com. Cc. Date: 03/14201410:07 AM Subject: Zero Cost Wil Cobar 101'94.5. spot ref 97.75111 Classification: For internal use only Good Morning Jeffrey - Crude ticking up this AM as you know, you can add to your risk reversal with the same 101 strike call with a 94.50 indicative sold put (vs. your 93.50 yesterday. Let us know: WTI Jun14 You buy call, strike 101 You sell put, strike X 100 lots on each leg Costless package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade Jun14 ref 97.75 X=94.50 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 110797 CONFIDENTIAL SDNY_GM_00256981 EFTA01453275