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Epstein File EFTA01400497: Envelope (DS10)

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This document contains financial analysis notes written on the back of an envelope, discussing investment calculations including a 34% implied-realized difference, an expected loss of 17%, and index vega measurements averaging 0.5%. The content suggests mathematical or portfolio analysis related to financial derivatives or investment instruments.

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EFTA01400497 Back of the **envelope**, with a 34% implied-realized difference, one can expect a loss of 17% because the index has a vega of, on average 0.5%

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