EFTA Document EFTA01433440

Tactical Trading Thoughts GPS - Americas 1/4/18 INTERNAL USE ONLY EFTA01433440 Listed Options Investment Ideas - GPS Americas Tactical View Buy costless April upside risk reversal to take advantage of -10% pullback in INTC from December high due to security issue. Trade Implementation Ref. INTC $43.00Buy April 50 / 36 risk reversal @ zero $ cost • Buy April 50 call, Sell April 36 put • Significant leverage with unlimited upside potential • Risk of being put INTC stock @ $36 or -16