From: Vahe Stepanian To: [email protected] Cc: Paul Morris Subject: AAL - Take Gains? [C] Date: Wed, 14 May 2014 13:50:43 +0000 Inline-Images: unnamed; unnamed(1) Classification: Confidential Good Morning Jeffrey- Following up on your American Airlines position. With AAL currently -$39 and near its all-time high of S39.39 (5/12/14), consider taking gains on your position. Your position is as follows: L/S Quantity Position Cost Rasis/ct.* Last* Gain/(Loss)' Long 1,000 AALJan'15 20 Calls $ 8.04 $ 19.20 $ 11.16 Short 1,000 AALJan'15 20 Puts $ 1.98 $ 0.30 $ 1.68 Total Gain/ct. $ 12.84 AAL Spot Ref. = $39.10 "Total Gain $ 1,284,000.00 'Note: Pricing is indicative and subject to market fluctuations. Source = Bloomberg LP Please let us know if you wish to unwind. Thank you, Vahe Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York. NY 10154-0004 Tel. Fax Mobile Email All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available upon request. The terms el the trade(s) may be subject to change prior to settlement. and therefore the official trade confirmation(s) and account statements issued by Deutsche Bank shall govern. Deutsche Bank is not responsible for any discrepancy between the informal execution report and the official trade confirmation(s) or account statements. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. EFTA01202538