We exercised the 131.30 EUR call

Against our net short at 132.206

The net gain in points 132.206 - 131.30 = 90.6 points

Gross gain in % = 90.6/62.1 = 145%

New Order sells 50% of the hedge at 132.30

Buy 50% of the hedge at 131.10

We are moving the topside hedge order down to

Sell 50% of the hedge at 132.10

We are moving the hedge order down again.

We are moving the topside hedge order down to

Sell 50% of the hedge at 132.30

Two Week Expiry 2021 - 05 - 11 (14Days)

Buy Two Week EURJPY Stangle

131.30 EUR Call

130.00 EUR Put

Strikes 131.0 & 130 (Vols 5.37 & 5.61)

Total Cost in tics JPY tics 62.1

50% Hedge Orders

Sell 50% of the hedge at 133.20

Buy 50% of the hedge at 128.96

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