<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, July 22, 2014 12:43 PM</td></tr><tr><td>To:</td><td>Tazia Smith</td></tr><tr><td>Subject:</td><td>Re: EURUSD lower, consider taking gain on risk reversal IC]</td></tr></table>

let it run

On Tue, Jul 22, 2014 at 8:29 AM, Tazia Smith <███████████ <mailto:███████████> > wrote:

Classification: Confidential

Jeffrey-

Consider taking the gain on your EURUSD risk reversal, —$67,300 USD. Indicative level only, EURUSD moving your way as I'm typing. Below is indicative two-way market on each leg:

## Spot ref 1.3484

Leg 1: European Option Put
<Client> sells European EUR Put on EUR/USD
Strike: 1.345
Notional: EUR 10,000,000
Expiry: Mon 08-Sep-2014
Settlement: Wed 10-Sep-2014
ZoneCut: NY
Premium: USD 78,200/82,500
Premium Date: Thu 24-Jul-2014

Leg 2: European Option Call
<Client> buys European EUR Call on EUR/USD
Strike: 1.38
Notional: EUR 10,000,000
Expiry: Mon 08-Sep-2014
Settlement: Wed 10-Sep-2014
ZoneCut: NY
Premium: USD 6,900/10,900
Premium Date: Thu 24-Jul-2014

INDICATIVE LEVELS ONLY - subject to market movement. Source DB AWM FX, 7/22/14.
__________________________________________________________________

## Spot ref 1.3484 (cont.)

Tazia Smith
Director I Key Client Partners - US

Key information from the image:

*   **Company:** DB Securities Inc, Deutsche Asset & Wealth Management
*   **Address:** 345 Park Avenue, 10154-0004 New York, NY, USA
*   **Contact:** Phone, Fax, Mobile, and Email (redacted)

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