From: Jeffrey Epstein <[email protected]> To: Laurie Cameron Subject: Re: then and now Date: Wed, 22 Jan 2014 11:21:41 +0000 can you spreadsheet the options on the etf . i have never dealt in them On Wed, Jan 22, 2014 at 1:16 AM, Laurie Cameron < > wrote: Good morning, I hope your birthday was fun, peaceful, happy. Last year spot and forward trading beat option trading thanks to the losses incurred in October. I learned that the greatest short of the year is companies that sell OTC pricing models (FENICS, Superderivatives) as these pricers no longer predict bank prices. I spent an enormous amount of time trying to replicate/predict the prices that JPM used in its models. I never managed to do it (I always could in the past). I respect what you said about young and hungry traders having sharper and more aggressive strategies than I do (I should never have made the stupid comment about French multinational's USD revenue to support my EUR view). You deserve more aggressive coverage. I read Bloomberg all day, scour for tenacious opinions that are too slow to change and volatility above historic levels. It is harder and harder to find high FX vol in investment grade economies. It is impossible to trade instruments whose price you can't predict. I think there will surely be good FX ideas this year (short BRL) a young trader on a trading desk will be able to give you tradable ideas quicker than I will. Although I cut my teeth on FX and FX option trading, I have been also trading Pro Shares "ultra" (double) short ETF options. They are very profitable in strong directional markets and markets that rise and stall. My recommendation is to sell BZQ Puts below 8o any time the spot rate moves to 83-85. On a strong directional move above 98, I would look to also sell calls above too. Short calls work well with double short ETFs as any market except a strongly directional move higher will erode the value of the underlying due to the compounding. And