Subject: It's very hot - SEK Correlation Ideas From: Martin Zeman ffi . Date: Tue, 10 Oct 2017 09:30:57 -0400 To: "Paul Barrett Cc: Davide-A Sferrazza Xavier Avila Joshua Shoshan Vahe Stepanian Stewart Oldfield Good morning Paul, I know we can't trade options just yet, but we're looking at some bullish SEK ideas this morning, thought I'd share with you based on George Saravelos' research piece. Here are some of our preferred bullish-SEK expressions in the Correlation space. Spot Refs: 1.1790, 8.0775, 1.3190 1) USDSEK Digital Puts w/ EURUSD DKO's 3m USDSEK 7.80 Digital Put w/ EURUSD DKO 1.14-1.22 6.5% offer 3m USDSEK 7.80 Digital Put w/ EURUSD DKO 1.13-1.23 9.3% offer 3m USDSEK 7.90 Digital Put w/ EURUSD DKO 1.14-1.22 11% offer USDSEK 7.80 Digital outright would be 23% offered. USDSEK 7.90 Digital outright would be 34.5% offered. 2) GBPUSD Lower, USDSEK Lower Dual Digitals 3m Dual Digital GBPUSD < 1.30 EFTA01434461