From: Tazia Smith •tt

From: Tazia Smith •tt > To: [email protected] Cc: Nav Gupta , Paul Morris , Vahe Stepanian Subject: Re: American Airlines to re-test $38... [C] Date: Tue, 01 Apr 2014 14:41:37 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2) , Vinit Sahni Classification: Confidential Jeffrey -As Nav pointed out I got excited with the number of m's and erroneously typed mm instead of m. You are up $995k. Corrected below. From: To: [email protected]. Cc: Paul Morris, Date: 04/01/2014 10:32 AM Subject: American Airlines to re-test $38... (C) Classification: Confidential Jeffrey - You're currently up $995m (net) on your American Airlines January $20 Risk Reversal. That's just based on current bid/offer as you see, market is wide, would get done better). Jan 20 call —16.60/18.10 Jan 20 put -0.35/0.65 Spreadsheet attached. Indicative levels only, subject to market movement. source Bloomberg. Recall, your cost basis is $6.05 (+8.03 on the call, -1.98 on the put) [attachment "AAL Options 4.1.14 10.20am.xmr deleted by Tazia Smith/db/dbcom] AAL 6mo Price History EFTA01195819 AAL US S At 10:14 12/09/2013 1D 3D 37.25 Vol 2,244, 995avePs 04/01/2014 Last Price 1M 6M YTD lY 5Y +.65 Q37.26/37.28Q 976 036.95 Q H 37.60K L 36.85 90 Actions - 9A Edit - WITa In Compare May. Avgs =MIMI II N Security/R4, Track z Annotate 2- News cOkoom Line Max Daily • • Last Price 37.25 T High on 03/07/14 39.02 -0- Average 32.381 I Low on 12/09/33 24.60 • 1x6 Val 83.641M 01 Event 1111 Ilhata I ma 1 Iii Dec 13 2013 Dec 31 Jan 15 Jan 31 ylivduffm 2245M L•SMAVG (15) 7.967M 0 40.00 14 AA 37.2501 36.00 34.00 32.00 30.00 28.00 26.00 24.00 40M 20M drovro" Feb14 Feb 28 Mar 14 Mar31 2014 Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management 345 ParkAvenue. 10154-0004 New York, NY, USA Tel. Fax Mo Email Pan-in.:1u Pedfcrem, 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. EFTA01195820