EFTA Document EFTA01365054

From: Daniel Sabba Sent: 12/4/2014 2:55:49 PM To: [email protected] CC: Paul Morris I Stewart 0ldfield Subject: Re: An oil idea ICI Classification: Confidential Jeffrey, I had planned to discuss this idea with you at our call, but we ran out of time. We refreshed the original trade, whose market value is significantly up (mid level at $1.74/bbl from $0.75/bbl). The recent disruptions in WTI have caused transaction costs to increase (vol bid asks in vanilla options on that expi