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eap Date: July 19, 2016 at 10:07:27 AM EDT To: "Rich Kahn" Reply-To: "Ens, Highlights from this week
O WWI Octineseatt I:J*4406w ISJU-Sh,WWIll Europe: Cheap upside in laggard stocks with bearish positioning Buy Oct16 - 110%F calls on VIE FP STAN LN Al FP ISE SQ and MUV2 GY for an average price of 2.37% (ref C19.39 C96.03 C6.02 £6.087 and f148.7 respectively): • The 5 names screen as the most attra
short open interest is high vs. other stocks in our list, suggesting the stocks may outperform in a potential market squeeze higher. • Air Uquide (Al FP) screens inexpensive in our earnings implied move ranking (table in next section) • Light exotic implementation: Oct16 110%F call on an equally wt
la variance as investors can avoid paying for the rich HSCEI convexity below the 70% barrier. The trade
Page: HOUSE_OVERSIGHT_014987 →30 Dec-16 call spread Buy GLD 116/124/130 Dec-16 call spread collar Buy TLT 123/132/137 Dec-16 call spread collar Buy Oct16 110%f calls on VIE FP, Al FP, IBE SQ, STAN LN 18-Jul- and MUV2 GY Buy an Oct16 110%F call on an equally weighted basket {quanto EUR) Buy 0.895x V2X Oct 21 puts, sell 1x VIX Oc
Page: HOUSE_OVERSIGHT_014994 →via bullish X-market risk reversals Steet Selling rich USO (WTI tracker) 3M 25d puts to fund cheaper SXE
Page: HOUSE_OVERSIGHT_025978 →future, short V2X Jan-17 future Buy a 6M ATM worst-of call on XLP & GLD Buy a 6M ATM worstof {SPX put, GLD call} Buy Oct16 110%f calls on VIE FP, Al FP, IBE SQ, STAN LN and MUV2 GY Buy an Oct16 110%F call on an equally weighted basket (quanto EUR) Buy TLS 25-Aug16 95% puts Buy CSL 25-Aug-16 95% pu
Page: HOUSE_OVERSIGHT_025997 →Entities connected to both Marc Rich and Al FP

Lesley Groff
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Donald Trump
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Barack Obama
PERSON
United Kingdom
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Tokyo
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Bank of America
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Seoul
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Frankfurt
LOCATIONIke Groff
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Merrill Lynch
ORGANIZATION
Nasdaq
ORGANIZATIONOsborne
PERSONUtilities
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONBofA Merrill Lynch Global Research
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BofAML
ORGANIZATIONPrudential
ORGANIZATIONBaFin
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Horizon
ORGANIZATIONthe Financial Supervisory Service
ORGANIZATION