EPSTEIN
page 2 / 393 . OCR, unverified
Jeffrey - apologise if this long to execute next time well be much quicker.
Nay Gupta
--- Original Message
From: Hav Gupta
Sent: 03/12/2014 09:35 PM GOT
To: "Jeevacation@gmail.com" < eevacation@ mail.com>
Cc: Tazia Smith; Paul Morris/
Vinit Sahni
Subject: Oil options
Jeffrey
Just got off the phone with Vinit.
DB stopped marketmaking OTC oil options - for short dated I'd go for exch traded - better liquidity and lower transaction costs in and out
My central scenario - Kerry Lavrov meeting Friday will be a bust and the Crimea referendum this weekend will result in "yes" given the
59pct ethic Russian makeup. Sunday/ Monday sanction rhetoric from ranging from g8 expulsion to Iran-style bank embargo is raised a
notch. Russia follows with more threats of counter-sanctions. My sense is the Obama 5m of 696m SPR release is to show Merkel and co he
will step in. He needs to because there are 8 small European and Baltic countries that rec 70%+ of their gas from Russia. Germany gets
30%.
Cross asset correlations outside of the US are increasing past few days - eg copper and the Turkish lira hourly charts are on top of each
other past 4 days. I'm worried there is a 30-40pct(?) chance of a hard risk off move in markets in first half of next week - more focused on
European equities, copper, EM FX (Turkey, ZAR, Ruble etc) than SPX. In that scenario oil is way up.
Exchange WTI calls - there are 2 options (as of 3pm est):
5day expiry 17march 2014 underlying clj4 97.92
and
35d expiry 16apri12014 underlying clk4 97.59
" The 5 day options are a bit short - one possibility is sell a 3usd out of the money put (95.5 strike) for 20cents and buy a 2usd OTM 100
call for 25. Net pay Scents. But 5d is a bit short for me.
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"For 35d expiry You could look at selling 91.50 (6usd OTM put) for 56cents and buying 103c (5.5usd OTM) for 58cents or the 102c
(4.5usd OTM) for 76cents.
CL1 <comdty> OMON on Bloomberg has live strikes and bid/ask.
If 5d is too short and 35d is too long / not enough gamma, Tazia may be able to source liquidity from the street. Am Cc'ing her for any live
pricing or additional comment
Best
Nav
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From: BMG
To: Jeffrey Epstein
Subject: Re: Update
Date: Wed, 19 Mar 2014 22:45:43 +0000
>
Sorry don't understand mushroom
Sent from my iPhone
On Mar 19, 2014, at 3:35 PM, Jeffrey Epstein <
cant we combine two tl with a mushroom
wrote:
On Wed, Mar 19, 2014 at 12:14 PM, BMG <
> wrote:
Internet holding at a constant 1.43 Mbps download and upload throughout the house
Phones
Amtel have determined that the Adran TSU 600 that aggregates voice T1 one will need to be replaced in the
near future
Phones have a slight white noise in the back ground
Reviewing replacement options
Sent from my iPhone
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From
a
To: Jeffrey <jeevacation@gmail.com>
Date: Mon, 13 Jan 2014 23:48:38 +0000
Skype :
Sent from my iPhone
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From: Daniel <I
To: Jeffrey Epstein <
Subject: Hello from Stockholm
Date: Sat, 05 Apr 2014 17:20:07 +0000
Thank you Jeffrey I am fine
Best regard from Stockholm
Daniel
On 5 Apr 2014, at 15:33, Jeffrey Epstein <
> wrote:
do you need anytinng?
The information contained in this communication is
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Unauthorized use, disclosure or copying of this