EFTA Document EFTA01479261

Subject: Re: S&P risk reversals.... (I] From: Tazia Smith < Date: Fri, 10 Oct 2014 To: Paul Morris < Cc: Daniel Sabba Vahe Stepanian Classification: For internal use only sure. who's stewart? (Embedded image moved to file: pic21334.gif) Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA Tel. +1(212)454-2889 Fax +1(646)257-3131 Mobile +1 917 327-4107 Email (Embedded image moved to file: pic17122.gif) From: Paul Morris/db/dbcom To: Tazia Smith/db/dbcom@DBAMERICAS, Cc: @db.com Daniel Sabba/db/dbcom@DBAMERICAS, Vahe Stepanian/db/dbcom@DBAMERICAS, stewart.oldfield Date: 10/10/2014 10:48 AM Subject: Re: S&P risk reversals.... (I] Classification: For internal use only good morning, please cc Stewart going forward, thanks Paul Morris Managing Director EMI From: Tazia Smith/db/dbcom EFTA01479261 To: jeevacation8gmail.com, Cc: Paul Morris, Daniel Sabba/db/dbcom8DBAMERICAS, Vahe Stepanian/db/dbcom8DBAmericas Date: 10/10/2014 10:33 AM Subject: S&P risk reversals.... [C] Classification: Confidential Good Morning Jeffrey - S&P listed options indicative levels below. If you have an upside view on US big caps, consider a risk reversal. Example: 1895p/1925c SPX November risk reversal +$0.20 premium collected, offer side (Bloomberg) ref: 1917.01 Example: 186p/193c SPY March risk reversal +$0.02 premium collected, offer side (Bloomberg) ref: 191.53 (Embedded image moved to file: pic06114.gif) (Embedded image moved to file: pic30568.gif) (Embedded image moved to file: pic08438.gif) Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset S Wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA (Embedded image moved to file: pic24795.gif) EFTA01479262