Subject: INTC buy-and-write From: Tazia Smith < Date: Fri, 22 Nov 2013 10:25:42 -0500 To: eevacation@•mail.com Cc: Paul Morris Vahe Stepanian < Classification: Confidential Not fancy - INTC, down over 4.5% following a self-critical Analyst Day. DB is one of the only analysts across the Street defending the name - in fact he raised his price target to 28 from 26. In part, he thinks management is being conservative and setting up for outperformance., $2 eps for 2014E (current 12x vs large cap semi peers at 16x) INTC spot is Dec 23 calls Dec 24 calls $24.09 are -$1.21 bid are -$0.51 bid INTC has a 3.7% current dividend yield, goes ex 2/5, reports 1/16 (Jan expiry is 1/18) (See attached file: INTC 11.22.13.pdf) (Embedded image moved to file: pic21814.gif) Tazia Smith Director I Key Client Partners - US Deutsche Deutsche 345 Park N w Y•rk Email Bank Securities Inc Asset & Wealth Management Avenue, 26th Floor NY 101 4 (Embedded image moved to file: pic26160.gif) EFTA01479343