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Re: TO Do and Iran
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J
Jeffrey Epstein Feb 2, 2012 5:53 PM
To
Barrett, Paul S
ok
J
Jeffrey Epstein Feb 2, 2012 6:05 PM
To
Barrett, Paul S
no
B
Barrett, Paul S Feb 2, 2012 6:51 PM
Jeffrey
- I think we should buy $1MM of the Ally Preferreds. This is the former GMAC. ABS continues to tighten which should help their business. Right now the Allys yield 11% ytw
On IRAN:
You could buy a $115 WTI call option that is contingent on the SP500 being below 1260 at maturity. Cost is 1.350% for 6 months OR
Buy credit default protection on Saudi Arabia for 145bps
Will call to discuss
Paul
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
B
Barrett, Paul S Feb 2, 2012 7:05 PM
What do you think of the Iran option?
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
B
Barrett, Paul S Feb 3, 2012 2:40 AM
To
jeevacation@gmail.com
Would you like to see any other Iran ideas? I do like the CDS on Saudi. Also vol has come way down and we should look at buying volatility both in equities and fx. I will send you some ideas.
Paul