Epstein Secrets

From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: Fwd: Euro and Y

t case scenario. If we place a low probability that USDJPY drops back below 100, then this is interesting. Putting this back on the radar - provided Jeffrey's view remains 'yen weaker'. Watching spot and pricing. Recall Jeffrey's current position is at 101 call, 99, 98, 97 one-touch. (1yr and interday ch

ry spot sensitive) Could do the following at zero cost... Using a strike of 103.00 for the upside call. Leg 1: European Option Call <Client> buys European USD Call on USD/JPY Strike: 103 Notional: USD 10,000,000 Expiry: Thu 13-Aug-2015 (1y) Settlement: Mon 17-Aug-2015 ZoneCut: NY Premium: USD 278,000 Premium Dat

USDcJPYp zero cost one-touch option... [C] Date: Fri, 15 Nov 2013 15:14:49 +0000 Inline-Images: unnamed; unnamed(I) Classification: Confidential Jeffrey - We know you're bearish yen vs. US dollar. As you've seen, there has been recent momentum in the JPY sell-off vs the USD since last Thursday's bre

arket movement. Source: DB WM FX Sales, 11/15/13 Spot ref = 100.18 Approximate collateral would be $50k Leg 1: European Option Call <Client> buys European USD Call on USD/JPY Strike: 100.2 Notional: USD 1,000,000 Expiry: Mon 17-Nov-2014 (1y) Settlement: Wed 19-Nov-2014 ZoneCut: NY Premium: USD 46,000 Premium Dat

(7); unnamed(8); unnamed(9); unnamed(10); unnamed(11); unnamed(12); unnamed(13); unnamed(I4); unnamed(I5) Classification: For internal use only Hi Jeffrey - Just tried calling you to check-in. FYI below: TWTR closes at $44.90, touching a high of $50.09 in the early morning flurry and retracing as high

ike to wherever the client is comfortable getting long USDJPY. The one year low in USDJPY has been 79.38 Leg 1: European Option Call <Client> buys European USD Call on USD/JPY Strike: 97.84 (abnf) Notional: USD 1,000,000 Expiry: Tue 21-Oct-2014 (1y) Settlement: Thu 23-Oct-2014 ZoneCut: NY Premium: USD 41,000 Prem

nnamed; unnamed(1) Classification: Confidential Jeffrey - Today you executed the following: S 380k MBON

rikes of 100, 99, 98 on the downside). Be back with additional thoughts, Tazia Spot reference = 102.70 Leg 1: European Option Call <Client> buys European USD Call on USD/JPY Strike: 102.75 Notional: USD 10,000,000 Expiry: Tue 27-Jan-2015 (1y) Settlement: Thu 29-Jan-2015 ZoneCut: NY Premium: USD 446,250 Premium

tepanian Subject: USDcJPYp zero cost one-touch option... ICI Attachments: pic00317.gif; pic23579.gif Classification: Confidential ; Paul Morris Jeffrey - we know you're bearish yen vs. US dollar. As you've seen, there has been recent momentum in the JPY sell-off vs the USD since last Thursday's brea

rket movement. Source: DB WM FX Sales. 11/15/13 Spot ref = 100.18 Approximate collateral would be 350k Leg 1: European Option Call <Client> buys European USD Call on USD/JPY Strike: 100.2 Notional: USD 1,000,000 Expiry: Mon 17-Nov-2014 (ly) Settlement: wed 19-Nov-2014 ZoneCut: NY Premium: USD 46,000 Premium Dat

110 (see commentary below). Note: 2 day BOJ meeting starts tomorrow. Reminder: as you know, this is a small notional trade on a relative basis vs. JE's other positions. Best Regards, Tazia Indicative levels, subject to market movement. Source: DB FX Pricer, 9/2/14. USDJPY Spot Ref: 104.93 <Cli

sitions. Best Regards, Tazia Indicative levels, subject to market movement. Source: DB FX Pricer, 9/2/14. USDJPY Spot Ref: 104.93 <Client> sells European USD Call on USD/JPY Strike: 101 Notional: USD 1,000,000 Expiry: Thu 20-Nov-2014 Settlement: Tue 25-Nov-2014 ZoneCut: NY Premium: USD -39,150 Premium Date: Thu

/2014 9:25:24 AM To: "eeyacation@ mail.com CC: • Paul Morris [ 01; Vahe Stepanian Subject: USDJPY position (+$67.99k} + FX Update Good Morning Jeffrey - Your zero-cost triple-no touch USDJPY position that matures 11/20 is presently valued at $67.99k (detail below, source: DB AWM FX Sales, 9/23/14) A

plementations accordingly. TDS USDJPY Spot ref = 108.57 Net Premium: <Client> Receives USD 67,992 Leg 1: European Option Call <Client> sells European USD Call on USD/JPY Strike: 101 Notional: USD 1,000,000 Expiry: Thu 20-Nov-2014 Settlement: Tue 25-Nov-2014 ZoneCut: NY Premium: USD -69,420 Premium Date: Thu

If we place a low probability that USDJPY drops back below 100, then this is EFTA01462682 interesting. Putting this back on the radar - provided Jeffrey's view remains 'yen weaker'. Watching spot and pricing. Recall Jeffrey's current position is at 101 call, 99, 98, 97 one-touch. (lyr and interday c

ry spot sensitive) Could do the following at zero cost... Using a strike of 103.00 for the upside call. Leg 1: European Option Call <Client> buys European USD Call on USD/JPY Strike: 103 Notional: USD 10,000,000 Expiry: Thu 13-Aug-2015 (ly) Settlement: Mon 17-Aug-2015 ZoneCut: NY Premium: USD 278,000 Premium Dat

case scenario. If we place a low probability that USDJPY drops back below 100, then this is interesting. Putting this back on the radar - provided Jeffrey's view remains 'yen weaker'. Watching spot and pricing. Recall Jeffrey's current position is at 101 call, 99, 98, 97 one-touch. (lyr and interday c

ry spot sensitive) Could do the following at zero cost... Using a strike of 103.00 for the upside call. Leg 1: European Option Call <Client> buys European USD Call on USD/JPY Strike: 103 Notional: USD 10,000,000 Expiry: Thu 13-Aug-2015 (ly) Settlement: Mon 17-Aug-2015 ZoneCut: NY Premium: USD 278,000 Premium Dat

110 (see commentary below). Note: 2 day BOJ meeting starts tomorrow. Reminder: as you know, this is a small notional trade on a relative basis vs. JE's other positions. Best Regards, Tazia Indicative levels, subject to market movement. Source: DB FX Pricer, 9/2/14. USDJPY Spot Ref: 104.93 <Cli

sitions. Best Regards, Tazia Indicative levels, subject to market movement. Source: DB FX Pricer, 9/2/14. USDJPY Spot Ref: 104.93 <Client> sells European USD Call on USD/JPY Strike: 101 Notional: USD 1,000,000 Expiry: Thu 20-Nov-2014 Settlement: Tue 25-Nov-2014 ZoneCut: NY Premium: USD -39,150 Premium Date: Thu