HOUSE_OVERSIGHT_022260.txt

In this email exchange, Vinit Sahni is discussing a plan to stop marketmaking over-the-counter oil options and focus on short-dated Pd options instead due to better liquidity and lower transaction costs. They also mention the potential impact of a Kerry Lavrov meeting and Crimea referendum on markets, as well as concerns about a hard risk off move in markets focused on European equities, copper, EM FX (Turkey, ZAR, Ruble etc) than SPX. The exchange suggests buying WTI calls with 5-day expiry.