SOFL engages in options trading with a $101 call and $93.5 put, both with a notional of 100,000 barrels each. The premium is zero, and both legs knock out if CLM4 fixes below $20/bbl. Initial margin is 13%.
doj/DataSet10/EFTA01453211.pdf
{"key_people":["Tazia Smith"],"document_type":"financial","document_subtype":"options trading","key_organizations":["Deutsche Bank Securities, Inc.","Deutsche Asset & Wealth Management"]}