From: Vahe Stepanian < > Sent: Tuesday, August 19, 2014 5:22 PM To: jeevacation@ mail.com Cc: Subject: JPM Sale? (C] Classification: Confidential Jeffrey - JPM is trading up - 50.435 today to 557.665. Ok to sell this week's 1,450 shares on today's strength? Also, just an FYI below on your risk reversal given Euro weakness today. Thank you, Vahe EURUSD Risk Reversal (spot ref 1.3318) <Client> sells Put, buys Call on EUR/USD in a Risk Reversal Put Strike: 1.345 Call Strike: 1.38 Notional: EUR 10,000,000 EUR Expiry: Mon 08-Sep-2014 Settlement: Wed 10-Sep-2014 ZoneCut: NY Premium: USD -144,700:4,300 (-140,400) (1.404%/1.495%) Premium Date: Thu 21-Aug-2014 Client Receives: $140,400 (Net P/L: +5140,400) 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 Email <mailto 1 EFTA_R1_01314051 EFTA02344811