To: jeevacation&mail.com[jeevacation@gmail.com]; jeffrey epsteinlieevacation©gmail.com]
From: Barrett, Paul S
Sent: Wed 1/5/2011 8:10:29 PM
Subject: RE: Oil Idea
We had 100,000 barrels on the most recent expiry. I would do 50,000 barrels in this structure. And then
another 50,000 as an outright risk reversal if we see a move back to 85.00.
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
40W 57th Street, 33rd Floor, New York, NY 10019
From: jeffrey epstein [mailto:jeevacation@gmail.com]
Sent: Wednesday, January 05, 2011 3:07 PM
To: Barrett, Paul
Subject: Re: Oil Idea
I like it
Sorry for all the typos .Scut from my iPhonc
On Jan 5, 2011, at 2:51 PM, "Barrett, Paul S" wrote:
Jeffrey
As a replacement for our oil risk reversal that came off what do you think of this:
EFTA_R1_00540963
EFTA02030984
Bullish 3-Month WTI trade
Option Expiry: 14Apr11
Buy a 92 x 99 WTI call-spread (7.5% max-return)
Short a 92 WTI put, with Knock-In: 71
cashless
Paul
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
40W 57th Street, 33rd Floor, New York, NY 10019
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EFTA_R1_00540964
EFTA02030985