VI TRY Carry idea (Martin Zeman [martin, 1/9/2019)

From: Martin Zeman [martin Sent: 1/9/2019 8:47:56 AM To: Paul Barrett CC: Stewart Oldfield Subject: VI TRY Carry idea - Paul, ; Alan Brody TRY has started the year poorly by selling off 4%. If you believe things will calm down and want to take advantage of the high carry we like to express this through calendar One Touches. This not only benefits from the high carry but also fades the move in vols. With the front end vols going bid this year 3m ag 6m vol is flat. Spot ref 5.5150