From: Jeffrey Epstein <jeevacation@gmail.com> To: "Barrett, Paul S" Subject: Re: Update Date: Wed, 12 Oct 2011 07:31:10 +0000 I believe that oil will spike, should we put on cashless, spreads. buy outrights. . I would like option pricing on gold, oil. On Tue, Oct II, 2011 at 2:56 PM, Barrett, Paul S < > wrote: Jeffrey +2.5MM YTD -4.4MM since inception We have seen a nice rally in the SP500 and Corn. HY lagging. I think we should take advantage of this rally by collaring the SP500 for a month — buy 1150 puts and sell 1230 calls. Would do it on $3MM. Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group 7PMorgan Private Bank 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 EFTA00920887 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. copyright -all rights reserved EFTA00920888