Unofficial Trade Recap - European Call Option on Dispersion (Vahe Stepanian, 07 Dec 2015)

Subject: Unofficial Trade Recap - European Call Option on Dispersion 12/7/2015 [C] From: Vahe Stepanian Date: Mon, 07 Dec 2015 13:56:04 -0500 To: Richard Kahn Darren Indyke Cc: Daniel Sabba Ariane Dwyer Paul Morris < Stewart Oldfield Classification: Confidential Rich - today Southern Financial unwound its dispersion call option at 0.60% (mid = 0.70%) per Ari's conversation with Darren. Proceeds will be $24,996, payable t+3 (12/10/2015) to Southern Financial. Realized dispersion was