From: "Barrett, Paul S" To: Brad Wechsler CC: "Jeffrey Epstein ([email protected])" <[email protected]>, Barrett Team "Petro, Christian S" Subject: Short Term Trade Idea - short Canadian Dollar into the OPEC meeting on April 17th Date: Tue, 12 Apr 2016 16:40:56 +0000 Inline-Images: image001jpg Trade Idea: Buy put options on CAD vs USD and CAD vs MXN ahead of the OPEC meeting on April 17th. Rationale: Our belief is that the bullish news for oil is already priced in. If they fail to deliver on a universal freeze, we think oil sells off which could be negative for CAD. Implementation: Indicative pricing assuming USDCAD spot ref 1.29, CADMXN spot ref 13.6931 - Buy a 2 week 1.29 USDCAD call - Buy a 2 week 13.69 CADMXN put Spot near the all time highs from 2012 (13.9173) costs 0.93% usd costs 0.80 % usd 14.40 , -14.0000 13.6468 .1Z cd-,An • 13.4000 .13.%00 ► 12.5C.,00 2011 2012 2013 2014 2015 2016 Bloomberg April 12th 2016 Doha meeting notes At least 15 major oil producers (including three non-OPEC countries) will attend a meeting in Doha on Sunday April 17 to discuss a proposal to freeze crude supply at February levels. Reaching an agreement likely will be meaningless for most, with production levels already near historic highs, while the countries with the potential to add the most crude supply to the market—Iran and Libya—are fiercely opposed to any freeze. Officials from Latin America are expected to meet over EFTA01183636