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sd-10-EFTA01388423Dept. of Justice

EFTA Document EFTA01388423

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structure is flat. We've continued to see the spot up / vol up correlation remain positive and if this theme continues, now is a good entry level into buying inexpensive vol. SPY ATM Calls: SPY 281Csa vt 28130 I Pak* I I Tenor $ I % Vol Intyr-Perlod trod VS tenon* Pales Cumulative Wrings hymned IN Friday, August 1a.2018 140 049% 9.5 I51440oth).10P,I4FP, FCMC 040sicin 61% Friday august 10, 2118 :. 96 069% 92 89 PPI. CPI 641% Friday. Ausg 17.2116 2.47 087% 9.1 43 7

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Dept. of Justice
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sd-10-EFTA01388423
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