From: jeffrey E. <[email protected]> Sent: Tuesday, August 19, 2014 7:38 PM To: Vahe Stepanian Subject: Re: JPM Sale? [C] yes On Tue, Aug 19, 2014 at 1:22 PM, Vahe Stepanian < > wrote: Classification: Co=fidential Jeffrey - JPM is trading up $0.435 today to $57.665. Ok to sell this week&=39;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 EFTA_R1_01770156 EFTA02589037