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sd-10-EFTA01365048Dept. of Justice

EFTA Document EFTA01365048

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Trading this pattern would have resulted in significant gains with limited downside risk This analysis looks at trading AAPL stock and an equivalent value of the S&P 500 beginning in 2008 Going long AAPL / short S&P 500 only on Mondays produces the largest gain - over 2x a long/short strategy held over all days and over 3x a short AAPL/long S&P 500 strategy on Fridays Combining the two strategies (Monday and Friday) results in even greater returns Deutsche Bank Apple stock

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Dept. of Justice
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sd-10-EFTA01365048
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