From: Paul S Barrett To: Jeffrey Epstein <jeevacation@gmail.com> Subject: RE: Oil Date: Thu, 09 Dec 2010 16:38:27 +0000 The switch into the GM Convert is a better place holder...earn a coupon and keep the upside. We still feel that we will make money on this position. Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank York, NY 10019 (F) From: Jeffrey Epstein [mailto:jeevacation@gmall.com] Sent: Thursday, December 09, 2010 11:33 AM To: Paul S Barrett Subject: Re: Oil a loss on the corn colloar a loss on the gm bonds„ what should we do. On Thu, Dec 9, 2010 at 11:30 AM, Paul S Barrett < $30,000 — $119,000 Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank York, NY 10019 (F) wrote: From: Jeffrey Epstein [mailtojeevacation@gmail.com] Sent: Thursday, December 09, 2010 11:27 AM To: Paul S Barrett Subject: Re: Oil no the range of the calls On Thu, Dec 9, 2010 at 11:25 AM, Paul S Barrett < wrote: 90.85 on the 7th of Dec Range has been 80 - 90.85 over the past 30days EFTA00710818 Paul Barrett, CFA Managing Director Global Investment Opportunities Group 3PMorgan Private Bank York, NY 10019 (F) From: Jeffrey Epstein [mailtojeevacationtilmail.corn Sent: Thursday, December 09, 2010 11:23 AM To: Paul S Barrett Subject: Re: Oil how high did it get in the past two weeks„ On Thu, Dec 9, 2010 at 11:06 AM, Paul S Barrett < wrote: We can sell the 90 oil call that expires next week for 30,000. Was cashless upfront. New risk reversal would be: Aug2011 contract 100 Call 81.25 Put Or 105 Call 77.25 Put Both cashless I like the 1st strategy Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMor an Private Bank York, NY 10019 (F) This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at ***######################################################** The information contained in this communication is EFTA00710819 confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. EFTA00710820 This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and corn leteness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at EFTA00710821