HOUSE_OVERSIGHT_022260.jpg
1.44 MB
Extraction Summary
9
People
2
Organizations
8
Locations
3
Events
4
Relationships
4
Quotes
Document Information
Type:
Email
File Size:
1.44 MB
Summary
This document is an email chain from March 2014 in which financial advisors Vinit Sahni and Nav Gupta, likely from Deutsche Bank, provide Jeffrey Epstein with detailed market analysis and specific oil options trading strategies. The advice is based on geopolitical events, primarily the impending Crimea referendum and associated sanctions on Russia. Vinit Sahni also informs Epstein of his travel plans to Tokyo.
People (9)
| Name | Role | Context |
|---|---|---|
| Vinit Sahni | Sender/Forwarder |
Sent emails regarding oil options and travel to Tokyo. Appears to be a financial advisor, likely from Deutsche Bank (...
|
| Jeffrey Epstein | Recipient |
Addressed as 'Jeffrey' and recipient of the email at 'jeevacation@gmail.com'. He is receiving financial advice on oil...
|
| Paul Morris | CC'd Recipient |
Copied on the email chain. Likely a colleague of Vinit Sahni and Nav Gupta at Deutsche Bank (DB).
|
| Nav Gupta | Sender (Original Email) |
Authored the detailed market analysis and oil options strategy. Appears to be a colleague of Vinit Sahni.
|
| Tazia Smith | CC'd Recipient |
Copied on the original email from Nav Gupta.
|
| Kerry | Mentioned Person |
Mentioned in the context of a meeting with Lavrov regarding the geopolitical situation involving Russia and Crimea. L...
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| Lavrov | Mentioned Person |
Mentioned in the context of a meeting with Kerry. Likely refers to Sergey Lavrov, the Russian Foreign Minister.
|
| Obama | Mentioned Person |
Mentioned in relation to a 5m barrel release from the 696m barrel Strategic Petroleum Reserve (SPR). Likely refers to...
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| Merkel | Mentioned Person |
Mentioned in the context of sanctions against Russia. Likely refers to Angela Merkel, then Chancellor of Germany.
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| DB |
Mentioned as having 'stopped marketmaking OTC oil options'. The email addresses for Paul Morris and Vinit Sahni inclu...
|
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| House Oversight |
Appears as a document marker 'HOUSE_OVERSIGHT_022260' at the bottom of the page, indicating the document is part of a...
|
Timeline (3 events)
Locations (8)
| Location | Context |
|---|---|
|
Vinit Sahni mentions being on a plane to and from Tokyo for 2-3 days.
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A referendum in Crimea is mentioned as a key geopolitical event influencing the market.
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Central to the geopolitical analysis, facing sanctions and threatening counter-sanctions.
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Mentioned in the context of cross-asset correlations and the SPX index.
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Mentioned in relation to European equities and countries dependent on Russian gas.
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Baltic countries
|
Mentioned as being heavily reliant on Russian gas.
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Mentioned as receiving 30% of its gas from Russia.
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Mentioned in the context of Emerging Market Foreign Exchange (EM FX).
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Relationships (4)
Vinit Sahni provides financial advice and updates on his availability to Jeffrey Epstein (at jeevacation@gmail.com).
Nav Gupta provides detailed market analysis and specific trading strategies directly to Jeffrey Epstein's email.
They communicate by phone ('Just got off the phone with Vinit') and are on the same email chain providing advice to a client. Both appear to be affiliated with 'DB'.
Paul Morris is CC'd on emails from Vinit Sahni and his email address includes '/db/', suggesting they work at the same firm.
Key Quotes (4)
"Jeffrey - apologise if this long to execute next time we'll be much quicker."Source
HOUSE_OVERSIGHT_022260.jpg
Quote #1
"DB stopped marketmaking OTC oil options - for short dated I'd go for exch traded - better liquidity and lower transaction costs in and out."Source
HOUSE_OVERSIGHT_022260.jpg
Quote #2
"My central scenario - Kerry Lavrov meeting Friday will be a bust and the Crimea referendum this weekend will result in "yes" given the 59pct ethic Russian makeup."Source
HOUSE_OVERSIGHT_022260.jpg
Quote #3
"I am on a plane to and from tokyo tomorrow next 2-3 days, if u need something otherwise available 24/7 on +447703720599."Source
HOUSE_OVERSIGHT_022260.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,486 characters)
From: Vinit Sahni [REDACTED]
Sent: 3/14/2014 2:24:19 AM
To: jeevacation@gmail.com
CC: Paul Morris [REDACTED]
Subject: Re: Oil options
Attachments: graycol.gif
Sent: 3/14/2014 2:24:19 AM
To: jeevacation@gmail.com
CC: Paul Morris [REDACTED]
Subject: Re: Oil options
Attachments: graycol.gif
Importance: High
Classification: External Communication
I am on a plane to and from tokyo tomorrow next 2-3 days, if u need something otherwise available 24/7 on +447703720599.
Vinit Sahni
----- Original Message -----
From: Vinit Sahni
Sent: 03/13/2014 09:47 PM EDT
To: jeevacation@gmail.com
Cc: Paul Morris
Subject: Fw: Oil options
Classification: External Communication
From: Vinit Sahni
Sent: 03/13/2014 09:47 PM EDT
To: jeevacation@gmail.com
Cc: Paul Morris
Subject: Fw: Oil options
Classification: External Communication
Jeffrey - apologise if this long to execute next time we'll be much quicker.
Nav Gupta
----- Original Message -----
From: Nav Gupta
Sent: 03/12/2014 09:35 PM GDT
To: "jeevacation@gmail.com"
Cc: Tazia Smith; Paul Morris/db/[REDACTED]; Vinit Sahni/db/[REDACTED]
Subject: Oil options
From: Nav Gupta
Sent: 03/12/2014 09:35 PM GDT
To: "jeevacation@gmail.com"
Cc: Tazia Smith; Paul Morris/db/[REDACTED]; Vinit Sahni/db/[REDACTED]
Subject: Oil options
Jeffrey
Just got off the phone with Vinit.
DB stopped marketmaking OTC oil options - for short dated I'd go for exch traded - better liquidity and lower transaction costs in and out.
DB stopped marketmaking OTC oil options - for short dated I'd go for exch traded - better liquidity and lower transaction costs in and out.
My central scenario - Kerry Lavrov meeting Friday will be a bust and the Crimea referendum this weekend will result in "yes" given the 59pct ethic Russian makeup. Sunday/ Monday sanction rhetoric from ranging from g8 expulsion to Iran-style bank embargo is raised a notch. Russia follows with more threats of counter-sanctions. My sense is the Obama 5m of 696m SPR release is to show Merkel and co he will step in. He needs to because there are 8 small European and Baltic countries that rec 70%+ of their gas from Russia. Germany gets 30%.
Cross asset correlations outside of the US are increasing past few days - eg copper and the Turkish lira hourly charts are on top of each other past 4 days. I'm worried there is a 30-40pct(?) chance of a hard risk off move in markets in first half of next week - more focused on European equities, copper, EM FX (Turkey, ZAR, Ruble etc) than SPX. In that scenario oil is way up.
Exchange WTI calls - there are 2 options (as of 3pm est):
5day expiry 17march 2014 underlying clj4 97.92
and
35d expiry 16april2014 underlying clk4 97.59
and
35d expiry 16april2014 underlying clk4 97.59
** The 5 day options are a bit short - one possibility is sell a 3usd out of the money put (95.5 strike) for 20cents and buy a 2usd OTM 100 call for 25. Net pay 5cents. But 5d is a bit short for me.
**For 35d expiry You could look at selling 91.50 (6usd OTM put) for 56cents and buying 103c (5.5usd OTM) for 58cents or the 102c (4.5usd OTM) for 76cents.
HOUSE_OVERSIGHT_022260
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