From: Tazia Smith ‹

From: Tazia Smith ‹ > To: [email protected] Cc: Nay Gupta , Vinit Sahni , Vahe Stepanian , Paul Moths Subject: Sell OTM vol on Sunedison (SUNE) [Cl Date: Thu, 15 May 2014 19:47:58 +0000 Attachments: SUNE_OMON_5.15.14.xml Inline-Images: unnamed; unnamed(l); unnamed(2) Classification: Confidential Jeffrey - Sell OTM vol on Sunedison (SUNE) spot ref 17.48 S Jul 16 puts for -$1.24, collect -7% in premium for 2 months Sunedison, preparing to spin off the semi business (next weds, 5/21), the bull case for the solar business (SUNE shares) is potential for a down the road into a yieldco. Stock is under pressure after being removed from a competitor's 'conviction buy list' last friday, then additional broad market pressure today. SUNE reports July 23. option screen shot below, spread sheet attached for you review for preferred structure. TDS EFTA01202451 SUNE US $ 1 17.48 .59 r"--". T17.47/17.481 39x10 At 15:42 Vol 9,595,276 0 17.90 H 17.90T L 16.91D Val 165.68M lar~ilirtS Templates • 9$ Actions - 97) Expiry - Öptiorfeigron - ~al SUNEDISON INC • Calc Mode SI) Center Strike 117.48 Center 83 Calls/Puts -:;.2t5is 17.47 j 17.48 H 17.90 Lo 16.91 Volm 9595276 HV 71.81 Strikes Exch US Corn site Ø 92) Next Earnings(EM) 08/07/14 E 51 Puls 89 Term Structure SD Mcneyness Strike Cans r- Tial~W r SUNE 6/21/14 C15 1) SUNE 6/21/14 C16 1) SUNE 6/21/14 C17 1) SUNE 6/21/14 C18 11) SUNE 6/21/14 C19 11) SUNE 7/19/14 C13 12) SUNE 7/19/14 C14 U) SUNE 7/19/14 C1S 14) SUNE 7/19/14 C16 IS) SUNE 7/19/14 C17 II) SUNE 7/19/14 C18 11) SUNE 7/19/14 C19 11) SUNE 7/19/14 C20 11) SUNE 7/19/14 C21 21) SUNE 10/18/14 C15 21) SUNE 10/18/14 C16 22) SUNE 10/18/14 C17 Calls Bid W1Vci Urn 2.81 3.00 2.56 65.24 .80 5 61 2.13 2.34 2.02 65.99 .70 129 261 1.60 1.69 1.38 64.96.59 1016 123 1.17 1.21 1.17 65.01 .48 .81 .86 .78 64.85 .38 .50; , 4.65 5.00 4.37y 73.91 .86 3.85 .20 4.85y 70.87 .81 3.203.50 3.25 71.36 .74 2.592.75 3.50y 66.60 .67 2.102.21 2.68y 6737 .59 1.69 1.75 1.74 67.15 .51 1.30 1.38 1.30 66.78 .43 1.03 1.08 .88 67.29 .36 .78 .82 .81 66.29 .30 e 100; IDiv .29; R .30 3.80 4.40 3.70y 64.38 .72 3.50 3.85 3.80y 67.06 .66 3.103.30 3.30 66.39 .61 15.00 16.00 17.00 329 18.00 385 19.00 17.4, 9r, 817 7997 5 643 1216 139 228 1022 261 1028 41 2 20.00 3513128 21.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 IFwd 136 15.00 169 16.00 1 468 17.00 i r-IKI Puts Fait DM Van 15 Ticker Ask IVM 4: SUNE 6/21/14 P15 .44 .49 30 67.02 -.20 105 1 41) SUNE 6/21/14 P16 .74 .80 .93 66.30 -.30 150 1 42) SUNE 6/21/14 P17 1.16 1.21 1.22 65.35 -.41 902 41) SUNE 6/21/14 P18 1.69 1.73 1.68 64.51 -.52 232 44) SUNE 6/21/14 P19 2.33 2.39 2.33 64.57 -.62 115 1 19 Jul 14 (65d); CSize 100; IDiv .50; R .20; IFwd 17.1 15) SUNE 7/19/14 P13 .34 .41 .39 70.86 -.13 32 46) SUNE 7/19/14 P14 .54i .61 .43y 68.40 -.18 4 41) SUNE 7/19/14 P15 awl .87 .85 67.59 -.25 315 4) SUNE 7/19/14 P16 1.20 1.28 1.24 67.71 -.33 3346 4) SUNE 7/19/14 P17 1.661.73 1.87 66.82 -.41 202 SI) SUNE 7/19/14 P18 2.20 2.26 2.27 65.51 -.49 352 Si) SUNE 7/19/14 P19 2.82 2.90 3.05 66.03 -.57 15 3 52) SUNE 7/19/14 P20 3.50 3.70 3.55 66.90 -.63 243 53) SUNE 7/19/14 P21 4.25 4.45 2.75y 64.75 -.71 1 p Oct 14 (156d); CSize 100; IDiv .29; R .30; IFwd 17 54) SUNE 10/18/14 P15 1.69 1.79 1.60y 6637 -.29 1 SS) SUNE 10/18/14 P16 2.15 2.26 2.03y 66.20 -.34 3 Si) SUNE 10/18/14 P17 2.68 2.79 2.87 66.67 -.39 105 Tazia Smith Director I Key Client Partners - US DB &amities Inc Deutsche Asset 8 Wealth Management 345 Park Avenue. 10154-0004 New York. NY. USA Tel. +1(212)454-2889 Fax +1(646)257-3131 Mobleää 27- 7 Email PARSiblicirr . Peep-on 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. EFTA01202452