CFTC Ex. 67

Case: 1:20-cv-03758 Document #: 79-8 Filed: 11/05/21 Page 1 of 4 PageID #:1503
Message 

From: 

Sent: 

Jim Donelson Udonelson@longleaftrading.com] 

1/24/20195:01:23 PM 

To: James Hatzigiannis Uhatzigiannis@longleaftrading.com]; Ben Cybulski [bcybulski@longleaftrading.com}; Alexander 

Stem per [a stem per@longleaftrading.com] 

cc: Vicki Donelson [vdonelson@longleaftrading.com] 

SubJect: Trading Recommendations 

Attachments: 1-24 Bond Trade - 3 contracts.pdf; 1-24 Bond Trade - 1 contract.pdf 

Attached are the trading recommendations for the bond trade for tomorrow. 

Jim Donelson 

CEO I Long Leaf Trading Group 

Direct: 312.483.2180 

Toll Free: 866.372.1014 

Fax: 773.751.2103 

Tra ing futures involves risk 0 10 s an is no suitable for a I Investors Pas performa 1ce is not necessariiy in icatll.'e of uture 

resu ts. 

E-mail sent through the Internet i_ not secur . E- ail is not private and is _ ubject to rcvil~w b the Firm its officers, agents, 

employees and regu ators Do not e-mail tim sensitive ins ructions, orders 0 buy or sell securities or Instructions to transfer funds . 

We will not accept such orders or in!>tructions. Th is c-mail is not t:H1 offi iill trJde COnflrr11;)tion for transCJctions executed for your 

account T 11S communication 15 for informational purpo cs on l . 

Long Leaf Trading-0000241180 

Case: 1:20-cv-03758 Document #: 79-8 Filed: 11/05/21 Page 2 of 4 PageID #:1504
Please see referenced positions below we are recommending for execution. Simply respond yes to this email to 

accept the positions or feel free to call me if you would like to discuss first As always I strongly encourage a timely 

response to prevent adverse market movement from impacting our ability to achieve fill prices as designed. 

Commissions are $20 per leg. 

We are recommending a total of 3 contracts for each recommended position below. 

Trade Recommendation: Bond 1·24 Trade 

Underlying: March Bond Future 

Action Contracts Price Value at Net Expiration expiration 

Buy Bond March 142 Call (5,145.25) 4,000.00 (1,145.25) 2/22/2019 

Bond March 146 Put 

Sell Bond February Week 1 146 Put 422.01 . 422.01 2/1/2019 

Totals (4,723.24) . (723.24) 

Trade AI:!~roval 

Entry Order: -4.656308 GTe ICASH Cost (4,723.24)1 

Margin Required 1,500.00 

Estimated Net on Buy (5,145.25) 4,828.13 (317.13) 

2/1/2019 " Sell 422.01 

104.89 

Return on Trade 2.22% 

1* Assumes futUre stays at current price 

Copyright 2017 Long Leaf Trading Group, Inc. All rights reserved. 

Our mailing address is: 

Long Leaf Trading Group 

141 W Jackson Blvd, Suite 300A I Chicago IL 60604 

THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND THEREFORE 

INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSmONS AND MUST ASSUf'.'lE RESPONSIBIUlY 

FOR THE RISKS ASSOCIATED WITH SUCH INVESTtvlENTS AND FOR THEIR RESULTS. PLEASE NOTE THAT THE PURCHASER OF AN 

OPTION IS SUBJECT TO THE RISK OF LOSING THE ENTIRE PREMIUM PLUS APPLICABLE FEES. THIS MATERIAL IS CONVEYED AS A 

SOLICITATION FOR ENTERING INTO A DERIVATIVES TRANSACTION. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF 

FUTURE PERFORMANCE. THIS MATERIAL HAS BEEN PREPARED BY A LONG LEAF TRADING GROUP BROKER WHO PROVIDES 

RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER SOLICITATION FOR ACCOUNTS AND 

SOLICITATION FOR TRADES; HOWEVER, LONG LEAF TRADING GROUP DOES NOT MAINTAIN A RESEARCH DEPARTtwlENT AS DEANED 

IN CFTC RULE 1.71. LONG LEAF TRADING GROUP, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR 

THEIR OWN ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, trlARGIN 

REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. FUNDAfvlENTAL MARKET 

ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INmATION OR LIQUIDATION OF POSITIONS THAT ARE 

DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND RECOMMENDATIONS CONTAINED THEREIN. ·LONG LEAF TRADING GROUP 

IS NOT AFFILIATED WITH NOR DOES IT ENDORSE ANY TRADING SYSTEfvl, NEWSLETTER OR OTHER SIt-'1ILAR SERVICE. LONG LEAF 

TRADING GROUP DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEr"lS OR SERVICE. 

Long Leaf Trading-0000241181 

Case: 1:20-cv-03758 Document #: 79-8 Filed: 11/05/21 Page 3 of 4 PageID #:1505
Please see referenced positions below we are recommending for execution . Simply respond yes to this email to 

accept the positions or feel free to call me if you would like to discuss first As always I strongly encourage a timely 

response to prevent adverse market movement from impacting our ability to achieve fill prices as designed. 

Commissions are $20 per leg. 

We are recommending a total of 1 contract for each recommended position below. 

Trade Recommendation: Bond 1-24 Trade 

Underlylng: March Bond Future 

Action Contracts Price Value at Net Expiration expiration 

Buy Bond March 142 Call (5,145.25) 4,000.00 (1,145.25) 212212019 

Bond March 146 Put 

Sell Bond February Week 1146 Put 422.01 - 422.01 2/1/2019 

Totals (4,723.24) - (723.24) 

Trade A~~roval 

Entry Order: -4.6563 OB GTC ICASH Cost (4,723.24)1 

Margin Required 1,500.00 

Estimated Net on Buy (5.145.25) 4,828.13 (317.13) 

2/1/2.019 * Sell 422.01 

104.89 

Return on Trade 2.22% 

1* Assumes future stays at current price 

Copyright 2017 Long Leaf Trading Group, Inc. All rights reserved. 

Our mailing address is: 

Long Leaf Trading Group 

141 W Jackson Blvd, Suite 300A I Chicago IL 60604 

THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COM MODnY OPTIONS CAN BE SUBSTANTIAL, AND THEREFORE 

INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSmONSAND MUST ASSUME RESPONSIBILnY 

FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR THEIR RESULTS. PLEASE NOTE THAT THE PURCHASER OF AN 

OPTION IS SUBJECT TO THE RISK OF LOSING THE ENTIRE PREMIUM PLUS APPLICABLE FEES. THIS MATERIAL IS CONVEYED AS A 

SOLICITATION FOR ENTERING INTO A DERIVATIVES TRANSACTION. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF 

FUTURE PERFORMANCE. THIS MATERIAL HAS BEEN PREPARED BY A LONG LEAF TRADING GROUP BROKER WHO PROVIDES 

RESEARCH fvlARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER SOLICITATION FOR ACCOUNTS AND 

SOLICITATION FOR TRADESj HOWEVER, LONG LEAF TRADING GROUP DOES NOT MAINTAIN A RESEARCH DEPARTfvlENT AS DEFINED 

IN CFTC RULE 1.71. LONG LEAF TRADING GROUP, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR 

THEIR OWN ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, r·1ARGIN 

REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. FUNDAMENTAL t-'lARKET 

ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INmATION OR LIQUIDATION OF POSmONS THAT ARE 

DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND RECOMMENDATIONS CONTAINED THEREIN. LONG LEAF TRADING GROUP 

IS NOT AFFIUATED WITH NOR DOES IT ENDORSE ANY TRADING SYSTEt-l, NEWSLETTER OR OTHER SIMILAR SERVICE. LONG LEAF 

TRADING GROUP DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEMS OR SERVICE. 

Long Leaf Trading-0000241182 

Case: 1:20-cv-03758 Document #: 79-8 Filed: 11/05/21 Page 4 of 4 PageID #:1506