From: jeffrey E. <[email protected]> Sent: Friday, October 14, 2016 6:15 PM To: Richard Kahn Subject: Re: Russia what are 18 puts? On Fri, Oct 14, 2016 at 2:12 PM, Richar= Kahn < mailto: > wrote: i spoke with Paul B=rrett and he proposed two ideas on Russia: Ruble / USD Put Spreads - 63.017 at 2pm Option 1 buy 63 x 70 spread which will cost 4%=to make 11% - 2.75x your premium ex: 100,000,000 x 4% = 4,000,=00 premium max profit 4,000,000 x 2.75 = 11,000,000 Option 2 buy=65 x 75 spread which will cost 4% to make 16% - 4x your premium =x: 100,000,000 x 4% = 4,000,000 premium max profit 4,000=000 x 4 = 16,000,000 Option 3 buy 70 x 80 spread which will cost 2%=o make 14% - 7x your premium ex: 100,000,000 x 2% = 2,000,000 =remium max profit 2,000,000 x 7 = 14,000,000 =/div> RSX - at 18.44 at 2pm do a risk reversal with the=following 2 levels for may 2017: Option 1<=div> buy 18 puts 1.75 sell 21 calls for .75 net co=t 1.00 paul believes that if RSX goes up 15% to 2= or so then S&P and oil will rally and potentially your underlying equities will offset any exposure paul also asked if he can review your equities as well and offer hi= advice EFTA_R1_01543251 EFTA02446645