From: Jeffrey Epstein lowacationftmaitcon» To: Tat Smth/dbidbcomeDBAMERICAS, Date: 03/14/2014 12:55 PM Subject: Re: 11096. 105/90.25 (C) margin for 100 k barrells? On Fri, Mar 14, 2014 at 12:38 PM, Tazia Smith wrote: Classification: Confidential WTI Jun14 You buy call, strike 110 You sell put, strike X 100 lots on each leg Costless package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade Jun14 ref 97.65 X = 86.0 WTI Jun14 You buy call, strike 105 You sell put, strike X 100 lots on each leg Costless package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade Jun14 ref 97.65 X=90.25 From: Jeffrey EPstein <iewacationtbomail Qom> To: Tat Smittildb/0bcomeDBAMERICAS, Date. 03/14/2014 12:29 PM Subject. Re: Zero Cost WTI Collar 101/94.25. Jun spot ref 97.60 (I) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110796 CONFIDENTIAL SDNY_GM_00256980 EFTA01453274