A trade report detailing a zero cost risk reversal involving Jun14 WTI with Jeffrey Epstein as the recipient. The trade involves SOFL buying a $101 call and selling a 493.5 put with a notional of 100,000 barrels on each leg. Both legs knock out if CLM4 fixes below 420/bbl on any day. The initial margin is 13%.
doj/DataSet10/EFTA01453206.pdf
{"title":"Trade Report 3/13/14 - WTI Zero Cost Risk Reversal","key_people":["Tazia Smith","Jeffrey Epstein"],"document_date":"2014-03-13","document_type":"correspondence","key_locations":["New York, NY"],"document_subtype":"trade report","key_organizations":["Deutsche Bank Securities, Inc.","Deutsche Asset & Wealth Management"]}