is little time left to expiry and the time decay is significant. Realized dispersion is —9.41% given the following spot references: EFTA00839460 Undedyings Spots .HSCE 9,886.39 14225 19,628.76 .SPX 2,081.58 .STOXicAP 3,346.93 Thank you, Vahe 33.79 Vahe Stepanian Assistant Vice President I K